WASHINGTON, Sept. 24 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement today following President Bush's remarks this morning on fiscal responsibility. Documents are available on the Administration's record on fiscal policies and the New Direction Congress' Commitment to meeting our national priorities -- in a fiscally responsible way, using pay-as-you-go with no new deficit spending:
"The President has no credibility on matters of fiscal responsibility due to his astonishing record of compiling historic deficits over the last seven years. As former Federal Reserve Chairman Alan Greenspan recently observed, the President has completely abandoned fiscal discipline.
"The New Direction Congress passed a balanced budget plan that restores pay-as-you-go budget rules and rejects new deficit spending. It invests in health care for America's children, college affordability for middle class families, and homeland security improvements to better protect the American people - investments that are all fully paid for.
"I urge the President to drop the partisan rhetoric, put down his veto pen, and work with the New Direction Congress to complete this year's spending bills."
|SOURCE Office of the Speaker of the House|
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