On the recordMarch 20, 2010
Madam Speaker, I yield 2 minutes to my friend and colleague, the gentleman from Oregon (Mr. DeFazio). Mr. DeFAZIO. Again, I wish that the Republican side had been able to wait until later this evening during their 2 hours to raise their concerns about health care, but there are some things that merit response in the interest of truth and the American way. The gentleman before me is extraordinary. This President has deficits totaled larger than every other President combined? No. Actually, yes, we do have a record deficit this last year. Most of it is inherited from George Bush. But it's true, now, that that's a very high year. But George Bush is the one who doubled the national debt and did accumulate more debt than every other President before him, before the collapse of Wall Street because of the deregulatory agenda of the Bush administration and the Republican Party--every ounce of which I fought on the floor of this House--which brought America to its knees, which dissolved people's savings and 401(k)s and everything else for greedy bankers and investors and others. And the Republicans put that agenda in place when they controlled the House, the Senate, and the White House with their deregulatory approach. So it's not even factually true. Yes, I'm very concerned about the astounding deficits, and we've got to deal with that, but George Bush doubled the debt. There is a record 1-year increase. It does not exceed even the amount of debt George Bush accumulated.…





