[Congressional Record (Bound Edition), Volume 155 (2009), Part 3]
[House]
[Page 3636]
[From the U.S. Government Publishing Office, www.gpo.gov]




                DEMOCRATS WILL TURN THIS ECONOMY AROUND

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. Mr. Speaker, when the Clinton administration 
concluded 8 years, it had created 23 million jobs. It left the new 
administration with a $236 billion surplus and an estimated $5.6 
trillion of projected surpluses. It took only 4 years to turn that 
surplus into deficits. And now when this administration leaves office, 
they leave this country with an annual deficit over $1 trillion. They 
have doubled our public debt--from $3.4 trillion to $6.4 trillion--of 
the amount of debt held by the public.
  And it began because instead of balancing the budget, as President 
Bush the 41st had done and President Clinton succeeded in that policy, 
they threw the PAYGO concept aside, gave us two tax cuts in 2001 and 
2003, and bankrupted this country. And that is why we have to act this 
week to restore our fiscal solvency.

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