House Proceeding on Jul 26th, 2007 :: 4:24:39 to 4:27:43
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4:20:02 to 4:24:39( Edit History Discussion )
Speech By: Adam B. Schiff

4:24:21 to 4:24:39( Edit History Discussion )

Adam B. Schiff: the social security trust fund, which, by definition, if we're running a federal deficit, then any excessive spending continues to raid the social security trust fund. all we're asking, either

4:24:39 to 4:24:55( Edit History Discussion )

Alan B. Mollohan: we go on the road of fiscal responsibility and keep faith with future generations or you're going to be on the road to fiscal irresponsibility and not keep faith. and if you follow that road,

4:24:39 to 4:27:43( Edit History Discussion )
Speech By: Alan B. Mollohan

4:24:55 to 4:25:10( Edit History Discussion )

Alan B. Mollohan: mr. chairman, here's what you're looking at. now listen to the words of our federal reserve chairman ben bernanke, who said, quote, early and meaningful action, unquote to address government

4:25:10 to 4:25:25( Edit History Discussion )

Alan B. Mollohan: spending, quote, the u.s. economy could be seriously weakened with future generations bearing much of the costs, unquote. those aren't my words, mr. chairmanthose are the words of the federal

4:25:25 to 4:25:40( Edit History Discussion )

Alan B. Mollohan: reserve chairman. now listen to scholars at the brookings institute, widely known as a liberal institution. quote, the authors of this book believe that the nation's fiscal situation is out of control

4:25:40 to 4:25:58( Edit History Discussion )

Alan B. Mollohan: and could do serious damage to the economy in coming decades, sapping our strength, make it difficult to respond to un information season circumstances and passing the burden on to future generations,

4:25:58 to 4:26:12( Edit History Discussion )

Alan B. Mollohan: unquote. and week after week after week, we have spending bills coming to this floor growing government way beyond inflation and the family budget. and it's the family budget that has to pay

4:26:12 to 4:26:23( Edit History Discussion )

Alan B. Mollohan: for the federal budget. so here we have just one more chapter in this book, the fiscal irresponsibility. now, again, i know there are many good programs in this bill, but why were so many of the

4:26:23 to 4:26:38( Edit History Discussion )

Alan B. Mollohan: other bills costing billions and billions and billions and agreeing these budgets 5%, 6%, 7% more than last year? again, too often, people are focusing on one individual aspect of this budget

4:26:38 to 4:26:50( Edit History Discussion )

Alan B. Mollohan: and not focusing on the budget as a whole. let's listen to the words of the chief comptroller general, who side that the rising cost of government, again the entitlement spending, is a quote,

4:26:50 to 4:27:03( Edit History Discussion )

Alan B. Mollohan: fiscal cancer, unquote, that threatens, quote, catastrophic consequences for our country and could bankrupt our country. again, mr. chairman, these aren't my words. these aren't the words

4:27:03 to 4:27:43( Edit History Discussion )

Alan B. Mollohan: of one lone member. these aren't the words of the fifth district of texas. these are the words of the people who know about the fiscal condition of this nation. the comptroller general has gone