Sam Gibbons: “President Bush this week released his budget, a budget which is fashioned in the same way that you and I and millions of…”

“President Bush this week released his budget, a budget which is fashioned in the same way that you and I and millions of Americans figure out their home monthly budget. First, it funds our priorities, including education, health care, Social Security, Medicare and Defense. Secondly, it pays down the Nation's debt, providing the greatest amount of debt reduction in U.S. history. Third, the budget includes a $1 trillion contingency fund to ensure that the United States can meet any unforeseen or emergency funding burden. Finally, the money left over is returned to the hard-working people of America through responsible tax relief that will not only encourage savings, but also spur continued economic growth. This budget is responsible. It is visionary, and it is right for our future. Mr. Speaker, I yield back the criticism of those who refuse to act in responsibly and simply want a frivolous way to spend America's tax dollars on more wasteful big government bureaucracy.”