Frank Lautenberg: “For the third time in 3 years, President Bush has gone over the limit on our Nation's credit card. So now the President…”

“For the third time in 3 years, President Bush has gone over the limit on our Nation's credit card. So now the President is asking Congress to raise his limit. I want to say to President Bush that this solution may work for you, but everyday Americans don't have the luxury of simply saying: You know what, give me a little more credit so I can continue to deal with this so irresponsibly. Banks simply will not agree to increase people's credit limits when they rack up dollars and debt on their card. That is what President Bush is asking members to do today. Simply put, what we are seeing in this administration is credit card economics. It is totally irresponsible and among the most reckless administrations in the history of this country with their fiscal management.”