On the recordApril 15, 2011
Mr. Chairman, I rise in support of the Democratic resolution. Last week on the floor of the House, the Republican leader, Eric Cantor, asked a very important question. He asked, How did we get here? So I took the challenge. I went back and have carefully chronicled a series of vote steps and quotes from Newt Gingrich, Dick Armey, John Kasich and others who argued against the Clinton plan for balancing the budget. Remember when Clinton left office, the clock in Times Square had been turned off. Alan Greenspan said, you're paying down the debt too quickly. We've had five balanced budgets since 1969; four of them came with Bill Clinton. The prescription that was offered on January 20 of the Bush inauguration was massive tax cuts and the invasion of Iraq and Afghanistan. And our Republican friends ask, How did we get here? I am very optimistic about engaging in this conversation now and as we get to the debt ceiling. When Clinton walked out on January 19, 2001, 22 million jobs had been created. Economic growth averaged 4 percent per quarter. It was the greatest period of economic prosperity in the history of America. And our friends on the other side of the aisle want to turn the clock back on that reality.





