I rise to elaborate on a couple points I made a day or so ago on this stimulus package. Many in this body and constituents across Nebraska know I am a former mayor, a former city counsel person, a former county commissioner, and a former Governor. I have had the opportunity to govern during very good times when the revenues were available. I have had the opportunity to govern during very tough times, where we were trying to figure out how to balance our budget. I point out, again, that in the State I come from, we not only have to balance the budget, but we are prohibited by our Constitution from borrowing money. So the State has no debt. I have been in those positions, the beneficiary of programs such as this package but much smaller programs. I have never been, nor has anyone else been in the history of this country, the beneficiary of a spending bill this large. To describe this as large is not to do justice to the discussion. This is enormous.
Editor's note · Context
Discussing the implications of the stimulus package during a floor speech.
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I appreciate the fact that you have the Agricultural Advisory Committee up and running. Thank you for that.
I think, as you said, the U.S. taxpayers continue to be very much on the hook and at risk as we do nothing to reform our system and maintain the current structure in which we have Fannie Mae and Freddie Mac under U.S. Government control.
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