OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Too Many Priorities

Floor Speech

Date: Dec. 15, 2009
Location: Washington, DC

Mrs. SCHMIDT. Mr. Speaker, if we don't heed Moody's warning, our Nation's AAA credit rating is likely to be downgraded due to unsustainable deficits by 2013. And what does this President and this majority do to answer this serious issue? Spend more money we don't have at record levels.

The President and the majority party have no interest in reining in the budget deficit. Just this weekend, top White House advisers said that tackling the deficit was not a priority. This administration has a lot of priorities. A frequent criticism has been that it has too many priorities. Apparently everything is a priority except for deficit reduction. I guess this shouldn't be a surprise coming from an administration that, in its first year in office, tripled the budget deficit to an all-time record high of $1.4 trillion.

The President just graded his job performance on the Oprah show as a B-plus. I can only imagine, and with fear, the kind of deficit the President would have run-up if he had given himself an A.


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