Mr. Chairman, every minute, the Bush administration spends $991,000 more than it takes in, basically $1 million in deficit every single minute. We have lost control of the budget; and this is not going to give us control, even though this purportedly is what it is supposed to do. One of the things that it does, and the American people need to know this, is that it increases the debt limit by $690 billion to over $8 trillion. We were told that the last time we increased the debt limit to $6.9 trillion that we would not have to do it again until 2008 because of the President's tax cuts, and here we are right back again increasing the debt limit to the $8.1 trillion. This is a bad budget resolution. It used to be that we had a 10-year window. We could look out to see what this budget was going to do over 10 years; and then to hide the real deficit creative aspect of this budget, we reduced that to 5 years. Now none of us could have imagined that we would actually bring a budget resolution to the floor limited to one single year. This is a bad budget resolution. There is no provision for the future. It digs the deficit even deeper, and then we do not even have PAYGO rules that apply. This budget is out of control and deserves to be defeated, Mr. Speaker.
Editor's note · Context
Addressing concerns about the budget resolution and increasing the national debt limit.
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