[Congressional Record (Bound Edition), Volume 156 (2010), Part 7]
[House]
[Page 9258]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1315
                       SPENDING WITHOUT A BUDGET

  (Mr. ROYCE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ROYCE. Yes, let's look at those facts, because it is not 1\1/2\ 
years, it is 3\1/2\ years; 3\1/2\ years since Nancy Pelosi became the 
Speaker of this House. In case the American public has forgotten it, 
every single spending bill originates in this House, and for 3\1/2\ 
years, we have a situation, oh, were the deficits bad? Yes, they were. 
In 2006, I remember that deficit was $161 billion, and I spoke against 
that deficit.
  Today, after 3\1/2\ years of Democratic control of the House and the 
Senate, that deficit is ten times what it was. And if we think for a 
minute about some of the orchestration, of some of the schemes with 
Fannie Mae and Freddie Mac which were authored on the Democratic side 
of the aisle to force those institutions into purchasing subprime 
loans, over $1 trillion in subprime loans, and for us that protested 
that, to watch the impact that it had on housing in the United States 
as housing collapsed, and now today to see not even a budget submitted 
by the other side of the aisle going forward, spending upon spending 
upon spending with no budget even put before this institution.

                          ____________________