Again, I constantly find it amazing how our colleagues want to rewrite history and how they assume that nobody is going to check up on what they are saying. That's not happening these days. I want to remind my colleagues that, when the Democrats took over the Congress in January 2007, President Bush was still in office. The deficit was less than $400 billion. Since President Obama's inauguration, the U.S. has had an average monthly deficit of $122.6 billion. By comparison from the year 2000 to 2008, the average annual deficit was $196 billion. Again, they can try to rewrite history, but the numbers are out there. I also want to point out that my colleague was talking about the child tax credit. I was really confused about that, so I double-checked. The child tax credit is going to drop from $1,000 to $500 in January 2011 as a result of the Bush tax cuts being changed by our Democrat friends. It seems they don't have quite the concern for children and married couples that Republicans have.
Virginia Foxx: “Again, I constantly find it amazing how our colleagues want to rewrite history and how they assume that nobody is going…”
Editor's note · Context
The speaker addresses budget deficits and changes to the child tax credit under Democratic leadership.
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