[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Page 1174]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1015
                     REINSTATING FISCAL DISCIPLINE

  (Mr. HEINRICH asked and was given permission to address the House for 
1 minute.)
  Mr. HEINRICH. Mr. Speaker, working families and small businesses 
across New Mexico face difficult budgeting decisions. And when it comes 
to the Federal budget, we owe it to them to spend within our means and 
without unreasonable borrowing. This legislation, referred to as PAYGO, 
mandates that the Federal Government pay for new tax cuts and spending 
by finding savings elsewhere.
  In the 1990s, PAYGO helped turn massive deficits into record 
surpluses, but that policy was abandoned by the Bush administration. 
After not paying for two wars, two tax cuts, and a new entitlement 
program, we now face a growing deficit. I am an original cosponsor of 
PAYGO legislation because we have to get this deficit under control. 
For the sake of our children and for our financial future, we must 
reinstate fiscal discipline in Washington.
  I urge my colleagues to support this bill.

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