Maxwell Frost: “the new deficit numbers came out yesterday, and they confirm what we already know: this Republican government has given…”

“the new deficit numbers came out yesterday, and they confirm what we already know: this Republican government has given America the biggest government deficit in our history, nearly $400 billion in fiscal year 2003, the year just concluded, plus an additional $500 billion deficit in fiscal year 2004, the year we just started, according to the Bush administration. Mark my words, these Republican deficits will end up raising taxes, and worse, raising our children's taxes. The Republican leaders are going to do everything in their power to hide their abominable record of fiscal mismanagement. Just listen to the Bush administration's Treasury Secretary in today's New York Times. He predicts that this jobless recovery will somehow magically add 2 million new jobs before next year's elections. He is saying this economy, which has lost nearly 3 million jobs since President Bush took office, the worse job records since Herbert Hoover and the Great Depression, is now going to create 200,000 new jobs a month. Perhaps the Bush administration still believes in Santa Claus, and perhaps they really believe that 2 million jobs will magically appear under the election Christmas tree next year; but the American people know a snow job when they see one. And make no mistake, they are seeing one today on the House floor. Mr. Speaker, this so-called continuing resolution is a procedural shell game to hide Republican mismanagement of the government.”