On the recordFebruary 2, 2010
I'd like to continue the theme that my colleague just had, and that is the President's vision for these United States over the next 10 years. That vision is exemplified in his budget that he brought to Congress yesterday, which, for fiscal year 2011, which doesn't start until October of this coming fall, which spent $3.8 trillion, a record, it would generate another deficit of $1.3 trillion in 2011; it would have some $2 trillion in tax increases over the 10 years; and it would accumulate $8.5 trillion in cumulative deficits during that 10 years. It would double the national debt. Mr. Speaker, I would argue that that's not much of a vision for America that my grandkids really want to look at and want to see. To put that in context, if you look at the cumulative deficits during the 8 years of the previous administration, they total $2 trillion. But if you look at the deficit in the first 15 months of the current administration, it is $1.8 trillion, and we will surpass the $2 trillion number some time during this second quarter.
