[Congressional Record (Bound Edition), Volume 156 (2010), Part 8]
[House]
[Page 10693]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    WE MUST HAVE A BUDGET RESOLUTION

  (Mr. FRELINGHUYSEN asked and was given permission to address the 
House for 1 minute.)
  Mr. FRELINGHUYSEN. Mr. Speaker, it's now official. We're now a full 2 
months behind the congressional deadline with no budget resolution in 
sight. In the past, this would be just another failure by the majority 
to meet a technical responsibility. But this year is different.
  This administration's enormous government spending increases have 
driven our annual budget shortfall to $1.4 trillion. That's the 
deficit. We're spending $1.4 trillion more than we're bringing in. The 
accumulation of all our past budget deficits, the national debt, last 
month rocketed past $13 trillion, and media reports last week predicted 
that it would balloon over $15 trillion by 2015.
  And how do we finance this debt? When American families and 
businesses find themselves short of cash, they cut their spending. When 
the Federal Government finds itself with a record deficit, we borrow 
money. From whom? The Chinese, the Japanese, from the Saudis, and we 
pay interest on that debt, hundreds of billions of dollars each year.
  We can do better. We must do better. We must have a budget 
resolution. We must cut spending.

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