I want to talk about the rising sea of debt, and we have to be careful that we do not drown. A few years of surpluses between 1998 and 2001, which were not really surpluses except by Washington standards, seems to have given us a false…

Imagine for a moment the late 1990s where many farmers were going broke. There were auctions, and farmers had to sell out farms that had been in their family for generations. Imagine running for reelection in 1998, being reelected, and…

Two words in the English language are not spoken enough, and these words are ``thank you.'' With this resolution before us, the House of Representatives, on behalf of government, on behalf of the American people, thank the thousands of…

What is nanotechnology? I think it is amazing. The chairman did not use a hair off of his head as an example, but nanotechnology is 1/100,000th the size of a normal human hair. What we are talking about has a tremendous potential for…

I want to talk for a couple of moments on the financial situation of the Federal Government. This chart shows what is happening to gross Federal debt. The debt held by the public, the debt held by government accounts, mostly Social…

I want to relate to a problem that I see as real in this country, so I am going to talk for a couple of minutes about losing our manufacturing base. Now, it looks like we are losing our high-tech jobs in this country. Then, secondly, how…

there has been a lot of news, of course, about the war in Iraq. Where are we going and how long is it going to take to win the military battle. I think it is important that we do not underestimate the length of time it is going to take for…

I suspect that every budget proposal is somewhat partisan, but I hope we would try so that it would not be that. I congratulate the gentleman from South Carolina (Mr. Spratt). I think we are moving in the right direction. First let me just…

on the definition of surplus, we say the trust funds have surplus; but actually, what they have is IOUs, so when programs like Medicare become insolvent or have less money coming in than enough to pay promised benefits in 2012, or when the…

Also, sometime, someplace, somehow future Congresses are going to start thinking that we have to operate more like a family, more like a business, that someplace down the roads we have to start paying this debt down. Nobody is talking…

let us discuss just a little what the imposition that this increased debt that we are leaving our future generations has on the potential of those generations to have a strong economy or strong incomes that they are going to be able to…

But maybe an analogy, sort of like using one credit card to pay off another credit card. So we borrow money from the trust funds to pay down the public debt, and then a lot of politicians in Washington brag that we are paying down the…

Because, Mr. Speaker, it is tempting for politicians to come up with more programs, to have more pork barrel projects because the news media puts them on the front page, the television covers them cutting the ribbon for the new jogging…

when we say leave it in the private sector, we say leave it in the pockets of the individuals that earned it. Do not have the kind of taxes on businesses that put our businesses at a competitive disadvantage to businesses that they are…

tonight I would like to follow up the previous Special Order by starting out with some comments on the budget, on spending, on the tremendous deficit that we are leaving to our kids. Then also, I want to, on this eve of the war, finish up…

A survey was done of the businesses that inverted or moved to another country to pay their lower tax rate, but kept their jobs and their operations in this country. A survey was taken, and for over half of those companies it was a question…

with this early session today it seemed like an appropriate time to talk about what I think are maybe three of the greatest problems that we are facing in the United States Congress in America outside of our economic security and our…

what I am a little nervous about on this reorganization plan that government might have is what some might call monetizing the debt, just printing more money, causing inflation, so it is easier to pay back. That would be terrible.

in the last few days, a lot of local representatives of local government are coming into Washington complaining about these unfunded mandates. Here is the Federal Government, since we like to not spend the money maybe and not have the debt…

Imagine for a moment as a family or a business and you go into debt, nobody does that without some kind of plan to pay back that increase, maybe emergency money, that you are borrowing. But in every situation there is a plan to pay back…

Let us make clear, left in the private sector means being left in the pockets of the people that earn it. I would like to finish up on I think somewhat of a little bit of a positive note. In spite of the dilemma and the projection for…

if the gentleman were to put his pointer on the green line, even the bragging of paying down part of that public debt lasted such a short time because of the increase in total spending by this Congress and the Presidents.

It is interesting that the original framers of our Constitution put in the Constitution that there would not be a tax based on income. They were looking at ways to structure a United States that encouraged effort, that encouraged work. We…

let us talk about monetizing the debt because some economists have said all we need to do is monetize the debt. That means printing more money and having inflation making it easier for the government to pay down that debt.

tonight I am going to talk about two very serious issues for this Congress, for this President, certainly its effect on future generations and current and future retirees. First, I am going to talk about defense spending, the…