Sean Patrick Maloney: “the President signed another tax bill that will add to the Federal deficit. And the House budget resolution that passed…”

“the President signed another tax bill that will add to the Federal deficit. And the House budget resolution that passed last night, with 100 percent of the Democrats voting against it, contains a provision to raise the debt ceiling for the fifth time on President Bush's watch. This President and this Congress have squandered the fiscal discipline of the Clinton years of the 1990s and created a legacy of deficits and debt that will erode the standard of living of our children and our grandchildren. This is a record-setting administration, but they are setting the wrong kinds of records. We have seen the Federal budget deficit set a record in dollar terms. We have seen the national debt rise to a record level. And we have seen our trade deficit and our indebtedness to the rest of the world rise to a record level. America can do better. ____________________”