On the recordJune 17, 2010
I want to talk about debt and spending. This Nation today is $13 trillion in debt, and the Democrat majority intends to spend another $1 trillion to add to that debt limit by the end of this year; $14 trillion of debt, that's unconscionable. You look at the budget that's coming from this administration that was proposed this year, $3.8 trillion, and we only have $2.2 trillion in revenue. That's $1.6 trillion in deficit spending, all of it on the credit card, and the credit card is maxed out. People back home ask me, why do you keep spending? Why does the Congress keep spending like this when you don't have the money? I think there's two reasons. I think one is this Democrat majority wants to grow government as much as it can while it still has the super-majorities to do so. I think the second reason is they really want to overhaul our tax system, and they want to do that by creating an economic crisis to justify implementing a VAT tax and reaching back to the high rates of taxation that we had back in the Carter administration. This is unconscionable behavior, and if it doesn't make you mad, it ought to.
