I thank the gentleman for yielding. Unfortunately, this is a serious issue on which serious time has not been allotted because you put this on suspension. This is a serious issue. Our country is in crisis from a fiscal standpoint. Now I wanted the gentleman to yield because I don't think the gentleman has any idea what the facts are. Eighty-nine percent increase in the debt under Ronald Reagan. He could have vetoed every one of those bills. Under George Bush, 115 percent increase in the debt. Under Bill Clinton, less than 40. Ladies and gentlemen, this issue is an important issue that is being treated not as an adult. This is not the adult moment of which Speaker Boehner spoke. And you didn't mention that the budget you voted for, I presume, I'm not sure, increased the debt by $1.9 trillion between now and October 1 of this year. Ladies and gentlemen, this is not an honest debate. This is not an honest proposal. This is a serious issue. TARP was a serious issue, and the American public didn't want to see it passed. And had it not passed, we would have gone into depression. Who said that? George Bush, Hank Paulson, the Republican Secretary of the Treasury, and Ben Bernanke, the Republican appointed head of the Federal Reserve. It was a tough vote. And so what did we do for America? We came together, Republicans and Democrats, more Democrats supporting the Republican President's request than his own party, to save America from depression.…
On the recordMay 31, 2011
Share
More from Steny Hoyer
Aug 9, 2026
Instead of tackling the growing affordability crisis plaguing our nation, President Trump has created an elaborate distraction campaign by instigating foreign conflicts and obsessing over birthright citizenship.
Aug 11, 2026
I’m proud to join former Chairman McCaul to introduce this legislation in the House, a companion to the Sanctioning Russia Act, which the late Sen. Lindsey Graham negotiated in his final days, along with Sen. Blumenthal, Ranking Member…
Aug 12, 2026
We must send the strongest possible message of American support as Ukraine defends democracy against despotism.
Aug 9, 2026
Rather than fulfilling his oath to promote the general welfare of Americans, Trump continues to dedicate taxpayer resources to his war of choice with Iran.





