Fiscal Responsibility

Floor Speech

Mr. ELLISON. Mr. Speaker, I want to talk this morning about a matter of
great importance to the American people. As this new Congress and President Obama begin to repair and reshape our economy, I think it is critically important for Americans to know and remember how we got into this mess we find ourselves in today.

President Obama and this Congress inherited a fiscal mess from the Bush administration, including a record deficit and soaring unemployment. Since taking control of the House in 2007, Democrats have committed to restoring fiscal responsibility, taking steps to cut waste, fraud and abuse. The President's budget slashes the deficit by nearly two-thirds in 4 years. The budget also calls for health care reform, job creation, clean energy and energy efficiency, and college affordability.

We will continue to work to repair the damage of the last 8 years of irresponsibility.

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