On the recordJuly 13, 2005
this morning the President announced some very good economic news: Our economy continues to grow and our deficit continues to shrink. That is good news. Why is that happening? Number one, we gave tax relief to the American people so they can keep more of what they earned, and that has helped create an awful lot of new jobs, and this year we put the brakes on Federal spending when we wrote our budget and passed our spending bills this year. We actually spend less money next year than we did last year. Spending goes down. When we take out homeland security and defense, discretionary spending is reduced. Mr. Speaker, that is what every American family has to do. They write a budget and then they stay within the budget, and we did just that. That is great news for the American taxpayers, that is why the economy continues to grow. That is why interest rates are down. That is why jobs are up and unemployment is down. That economic news is something we have been waiting to hear. When you give tax relief and put the brakes on Federal spending, good news happens and the economy is growing. ____________________
Source
govinfo.gov




