On the recordJuly 19, 2011
We just heard that we were cutting Medicare; but, in fact, it was the minority party that cut $500 billion out of Medicare last year to pass ObamaCare. How quickly we forget. Mr. Speaker, at one time, people stored cash under their mattress for safekeeping. Now people all over the world put that same money in treasury bills. That benefits every American in countless ways. Let's not lose that advantage. The imminent threat to the safe haven of treasury bonds and our national security is default and downgrade. However, by far, the overriding danger is too much government spending. The Federal Government must do what every family in America is called on to do at times when things are tight. That's cut spending and live within their means. As long as we ignore our spending problem, the economy will weaken, confidence will not be restored, jobs will not be created. We, and more profoundly, our children and grandchildren, will bear the costs. Earlier, the minority leader said: What will the students say? What will the children say? Let me say this. When we say to them your money's all gone, we spent it, we lacked the courage to address the problems, we didn't confront the problems, what will our children say to us? What will our grandchildren say? The heritage of America has never been ``can't do''; it's always been ``can do.'' We can do it. We can rise to the challenge.…
Source
govinfo.gov




