Political Quotes

On the recordMay 15, 2020
I oppose this bill because it constitutes a threat to our national security. On March 26, the Federal Reserve Bank of St. Louis reported that our debt-to-GDP was already at 106.8 percent. Since that time, Congress added over $2 trillion. If this $3 trillion left-wing dream-come-true bill were to become law, it would likely move our debt-to-GDP at close to 120 percent by the end of this fiscal year. Debt levels of this magnitude are not sustainable. Debt levels of this magnitude will be a threat to Social Security and Medicare. Debt levels of this magnitude will reduce household income. And debt levels of this magnitude threaten our national security. Once upon a time, there was bipartisan agreement about this. Former Secretaries of Defense across multiple administrations all warned that our debt will compromise our national security capabilities. It is foolhardy to ignore these warnings that the single biggest threat to our national security is our national debt. America has enemies, and despite all the allusions of some, China is foremost among them. If this bill were to become law, it would undermine our ability to maintain our military superiority over China. The SPEAKER pro tempore. The time of the gentleman has expired.
Said by
Gary Palmer
Republican · Alabama

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