I want to make it very clear. This isn't just us saying it. Listen to this. The Wall Street Journal yesterday, ``All of this spending must be financed, so deficits and taxes are both scheduled to rise to record levels.'' CNBC, ``The deficit for this year would be 10.6 percent of the total economy, a figure unmatched since the country was emerging from World War II.'' The New York Times, ``The budget projects that the deficit will peak at nearly $1.6 trillion in the current fiscal year, a post-World War II record. It would then decline but remain at economically troublesome levels in the remainder of the decade.'' CNBC, ``Part of a record $3.8 trillion budget that would boost the deficit beyond any in the Nation's history.'' It is unacceptable. We have better alternatives.
Jeb Hensarling: “I want to make it very clear. This isn't just us saying it. Listen to this. The Wall Street Journal yesterday, ``All of…”
On the recordFebruary 3, 2010
Editor's note · Context
Hensarling addresses concerns about rising deficits and government spending.
Share
More from Jeb Hensarling
Sep 5, 2018
If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
Dec 21, 2018
I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
Sep 26, 2018
Thank you, Ms. Grimes, for your testimony. We know it is not always easy to be in this chair and discuss these types of charges.
Nov 13, 2018
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.





