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Concurrent Resolution on the Budget for Fiscal Year 2010

Floor Speech

Date: April 1, 2009
Location: Washington, DC
Issues: Government Budget and Spending


CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2010 -- (House of Representatives - April 01, 2009)

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Mr. McCLINTOCK. I thank the gentleman for yielding.

Madam Chairman, Americans are awakening to the danger of a budget that spends too much, borrows too much, and taxes too much, because they know what that means. They know that you can't spend yourself rich; they know you can't borrow your way out of debt; and, they know that you can't tax your way to prosperity.

No Nation in the world has ever spent and borrowed and taxed its way to economic health, but many Nations have spent and borrowed and taxed their way to economic ruin and bankruptcy.

If you all want to know where all of these policies are taking us, just look to my home State of California.

There a tragic succession of Governors increased spending at unsustainable rates. They ran up unprecedented debts, and they imposed crushing new taxes. And the result is that today runaway spending has impoverished our economy. Interest costs are eating our budget alive. And our tax burden is producing one of the highest unemployment rates in the Nation and the biggest out-migration of domestic population in our history.

Indeed, we debate this budget on the very day that California begins collecting the biggest tax increase ever imposed by any State government in our Nation's history, the natural consequence of runaway spending, just as President Obama relies on the biggest tax increase by the Federal Government in our Nation's history. There will be backbreaking new taxes on small businesses, on investment, on energy production and on charitable giving. And this isn't complicated stuff. If you increase taxes on productivity, you get less productivity. If you increase taxes on energy production, you get less energy. If you increase taxes on charitable giving, you get less charity. If you increase taxes on investments, you get less job creation.

Madam Chairman, I have watched too much spending and too much borrowing and too much taxing wreck my home State of California. I beg you, do not let those same policies ruin our country.

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