I am sure you can remember that when President Bush took over with Republicans controlling both Houses of Congress in the year 2001, he had a surplus delivered to him by the Clinton administration. In the years since then, these folks you just heard talking, who profess to know what is best for our economy, have delivered to the United States, from a surplus when we were paying down the national debt, now the biggest deficit in the history of our country, the biggest balance of trade deficit, the biggest individual debt by Americans that is held, whether it is credit card debt or home second mortgage debt, and now we have the housing crisis, the subprime crisis, and various big box stores I was reading today are getting ready to file for or have already filed for bankruptcy, including some that we have seen proliferating around the country and have assumed that they were on solid ground. So I would take all the proclamations you just heard and the fancy charts that you just saw from the Republican hour before us with a grain of salt.
John Hall: “I am sure you can remember that when President Bush took over with Republicans controlling both Houses of Congress in…”
Editor's note · Context
Addressing economic issues and deficits during a discussion on Iraq.
Share
More from John Hall
first let me wish a happy and safe holiday to all our men and women in uniform who are serving here and abroad. After watching the Department of Veterans Affairs face a $1 billion shortfall during a time of war, I came into this Congress…
In the meanwhile, there is no better day than today, April 15, to talk about the commitment this Congress has made to the American people to ensure that the Tax Code becomes fairer and simpler for middle class families. We must be…
The Maliki Government is somewhere between challenged and dysfunctional. Now, that was October. In March General Petraeus stated on March 13, ``No one feels that there has been sufficient progress by any means in the area of national…
we are in a housing crisis in the United States, yet the Bush administration seems determined to ignore it. Losing your home has a deep economic and emotional impact that can last for years. When the mortgage crisis broadens as wide as it…





