Virginia Foxx: “I have to point out again to my colleague that the Democrats took control of the House of Representatives and also the…”

“I have to point out again to my colleague that the Democrats took control of the House of Representatives and also the Senate in January of 2007. When they did, the unemployment rate in this country was 4.5 percent. We were projected at that time to have a surplus in our budget of about $450 billion. In just 2 short years, the unemployment rate skyrocketed and the deficit skyrocketed. The Democrats were in control of Congress when the President took office. That's why he inherited a rotten economy. He didn't inherit a rotten economy from President Bush. He inherited a rotten economy from his own party, and he's frankly done nothing to make it any better. I would also like to point out to my colleague across the aisle that the stimulus that he voted for, which the President promised would do so much for the economy, was $1 trillion, which is 9 years' worth of spending on national defense for the war in Iraq given his figures alone. Madam Speaker, the American people have heard a lot recently about exploding college costs, the burden of student debt. President Obama highlighted these issues in his State of the Union address. Therefore, it is ironic that the Department of Education, which reports to him, is increasing the cost of higher education with unnecessary rules and regulations.…”