What we are talking about is the size of the Federal Government and the size of our regulations. In the last 4 years of our Democratic Congress, which took power in January of 2007--and I will remind everyone that that was prior to the financial crisis--our national debt doubled in that period of time. In other words, we have incurred more debt in the past 4 years under a Democrat Senate and a Democrat House and in the last 2 years under a Democrat President than we had in the 220 years before. We are talking about a record national debt of $14 trillion. We are talking about a growth in the size of the Federal Government which in 10 years will absorb every dollar and every dime and every penny generated by our economy. Now think of such a thing--every dollar being spent by the Federal Government. You have to ask yourself: With record deficits and record debt, don't we have too much Federal Government? Don't we have more government than we can afford? Don't we have more government than we need? So I think it is entirely fitting for us to look at each government program and ask ourselves: Is there a benefit from this program? Is there a cost to this program? Does it eliminate jobs? If you will go through a list of comments that people have made to these regulations, you will see comment after comment after comment: this regulation will cost my business this much money. This regulation will cost this much money. I won't be able to create a job.…
Editor's note · Context
Bachus addresses the growth of federal government and its impact on national debt and job creation.
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