On the recordMay 17, 2006
I regret that I again must rise in opposition to the budget before the House. I cannot support another budget that not only adds to the deficit, but for the fifth consecutive year creates the largest deficit in history. The Congressional budget is a reflection of our priorities--and at the risk of sounding like a broken record--I must say that this Republican budget once again gives priority to massive handouts for their fat cat buddies, and forces working families, veterans and students to foot the bill. Unfortunately, this seems to have become somewhat of a Republican tradition. Some of my colleagues will praise this budget for its so-called ``savings''. What they fail to mention is that all of the spending cuts are not going towards reducing the deficit but instead are being used to partially offset the $228 billion price tag of a massive new tax cut. Mr. Chairman, there is no rationale whatsoever to explain how you can decrease revenues while increasing spending and still balance the budget. Anyone with common sense can tell you that if you want to spend more, you must either earn more or save in other areas--otherwise you go into debt. Yet in each of the past six years, the Administration has increased spending faster than national income.…
Source
govinfo.gov




