Pelosi Statement on President Bush's Fiscal Year 2009 Budget

Feb 04, 2008, 00:00 ET from Office of the Speaker of the House

    WASHINGTON, Feb. 4 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi
 issued the following statement today in response to President Bush's Fiscal
 Year 2009 budget:
     "The American people expect our nation's budget to chart a course that
 reflects their values and aspirations, makes critical investments in our
 future and is fiscally responsible. The President's budget fails to meet
 those standards.
     "The President's misguided budget cuts health care for seniors and
 working families, freezes lifesaving medical research, raises health care
 costs for veterans, and slashes energy assistance -- all at a time of
 rising prices and a slowing economy. And once again, the President does not
 fully account for the true cost of the war in Iraq.
     "This President has presided over the five largest budget deficits in
 American history, leaving a legacy of debt to the next generation that will
 dramatically undermine our nation's strength.
     "Democrats reject the misplaced priorities of the President's budget,
 which once again is a step backwards for our nation. The Democratic-led
 Congress will offer a budget that takes America in a New Direction, making
 critical investments to strengthen our economy and create jobs, helping
 Americans struggling with the high costs of health care, energy, and
 groceries, and working to restore fiscal responsibility.
     "While we cannot support the budget the President proposes, Democrats
 stand ready to work in a bipartisan way to craft a budget that better
 reflects America's values and priorities and prepares us for a more
 prosperous future."

SOURCE Office of the Speaker of the House