this week President Bush nominated former Congressman Jim Nussle to run the Office of Management and Budget. Just before Mr. Nussle and President Bush took charge of America's books, we had a $236 billion surplus, the largest in U.S. history 3 years running. Under President Bush's watch and Jim Nussle's, in 5 short years we had a $318 billion annual deficit and $300 trillion in new debt owed to the Chinese and other foreign countries. We have heard a lot from this President and the GOP Members about the importance of fiscal responsibility. We Democrats couldn't agree more. Unfortunately, when it comes to George Bush and the Republican Congress, we will forever be in their debt. Mr. Nussle once said, can we continue to fund our war efforts on this type of ad hoc basis? I believe most of us would agree that we cannot and should not. We continue to give President Bush a blank check costing us nearly $1 trillion on credit card funding for this war. Mr. Nussle and President Bush came to change Washington, and Washington changed them. Nominating Mr. Nussle tells Americans a lot of what they can expect from a Republican administration.
Editor's note · Context
Discussing the nomination of Jim Nussle to the Office of Management and Budget and its implications for fiscal policy.
Share
More from Rep. Rahm Emanuel
Last week the President asked for $200 billion more for the war in Iraq. In the same week, the White House said that the bipartisan plan to give 10 million children health care included ``excessive spending'' and threatened to veto it. I…
I first want to thank both the chairman of the Ways and Means Committee, also Congressman Levin, as well as the minority leader, Congressman McCrery, for their leadership on this issue. This bill picks up exactly where the last trade…
I'd like to thank my chairman. While other speakers have noted some of the shortcomings and their reluctant support, I enthusiastically support this legislation. Unlike the 2001-2003 tax cuts, in 2001, 36 percent of the tax benefit went to…
more than 40 years ago, this House stood up in the name of America and did the right thing and passed sweeping civil rights legislation to protect men and women of all races from discrimination. By widening the circle of freedom to include…





