[Congressional Record (Bound Edition), Volume 158 (2012), Part 4]
[House]
[Page 4935]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       PASS THE DEMOCRATIC BUDGET

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Instead of being called the ``Road to Prosperity,'' the 
Ryan Republican budget should have been named the ``Road to 
Austerity,'' because it is a plan that is most noteworthy for the harsh 
austerity it demands of the many and the lavish benefits it extends to 
the few.
  Nobel Laureate in Economics Paul Krugman has called this budget 
proposal the most fraudulent budget in U.S. history, calling its 
priorities inconceivably cruel. Our recent economic history has shown 
that while Republican budgets might poll well, they do not perform 
well. The Bush budgets produced stagnant income growth for the middle 
class, a jobless recovery, and a huge deficit. The Ryan Republican plan 
is the Bush budget plan on steroids.
  If we look at what actually worked in the past, the single best model 
for growing jobs, sustaining economic growth, and reducing the deficit 
can be found in the 8 years of the Clinton administration, which 
created 22 million jobs, erased the deficit, and left this country with 
a huge surplus. A more balanced approach to deficit reduction will work 
for everyone. Let's pass a budget based on facts, not on fictions. Pass 
the Democratic budget.

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