DENNIS A. CARDOZA: “that is incredible. That is an unbelievable number. Really we could call this not the Reconciliation Act but the college…”

“that is incredible. That is an unbelievable number. Really we could call this not the Reconciliation Act but the college student tax act because that is what we are going to be doing, we are going to be increasing the tax on those who can least afford it, those who are trying to do better and increase their opportunity. I would like to add that, under Bush, we have seen absolute record deficits. We have seen $2.5 trillion added to the debt. As the gentleman from Tennessee (Mr. Tanner) is fond of saying, we have borrowed more from foreign countries than all previous presidents combined under President Bush. And we are borrowing about 80 or 90 percent, the new borrowing that is taking place, is coming from China and countries that are competing with us in trade, and they are using that leverage to make our dollar less strong against their currency. It is just a shame what has been happening here. Mr. Speaker, I thank Mr. Ross for participating in this tonight and being such a great leader within the Blue Dog Coalition.”