[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Pages 1078-1079]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    PRESIDENT OBAMA'S FY 2011 BUDGET

  (Mr. GINGREY of Georgia asked and was given permission to address the

[[Page 1079]]

House for 1 minute and to revise and extend his remarks.)
  Mr. GINGREY of Georgia. Mr. Speaker, on Monday, President Obama 
submitted his fiscal year 2011 budget to Congress with the claim that 
he was planning on restoring fiscal discipline to Washington. However, 
once you look beyond the rhetoric, it's clear that the budget the 
President delivered to Congress does not deliver on its promises.
  Mr. Speaker, the President's budget request totaled a new record of 
approximately $3.8 trillion in Federal spending--that's 25 percent of 
our GDP--and increased our deficit to $1.6 trillion for the current 
fiscal year 2010. In order to pay for this record level of spending, 
the budget request increases taxes by approximately $2 trillion over a 
10-year period. His so-called spending freeze--well, that only applies 
to 13 percent of actual spending. With 10 percent of our workforce 
unemployed and over 15 million Americans out of work, there are 
families all across this country that are making sacrifices by cutting 
their expenses.
  So, Mr. Speaker, we need a budget that recognizes that we cannot 
spend, tax, and borrow our way into prosperity. That's never worked. 
Unfortunately, the President's budget does not recognize this simple 
fact.

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