Andy Biggs: “Let's talk some more about what should be done. We have a structural deficit of $2 trillion. We are spending $700…”

“Let's talk some more about what should be done. We have a structural deficit of $2 trillion. We are spending $700 billion in interest. The Fed is losing money. Our economy is slowing down to boot. The question is: What could we do? How about we rein in our Federal spending so that the value of our currency doesn't keep dropping like a stone? How about we unleash American energy so that we have pressure to reduce costs on the energy side and have traditional currency protection on the inflation side? That would do it. That would help, but we don't see anything from the Hill from which my colleagues across the way speak. We don't hear from the White House, either. Mr. Chair, I am urging adoption of this amendment. It is a small measure to reduce a small program in a small way, but it moves us in that direction. Mr. Chair, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Arizona (Mr. Biggs). The amendment was agreed to. Amendment No. 41 Offered by Mr. Brecheen The Acting CHAIR. It is now in order to consider amendment No. 41 printed in part F of House Report 118-216.”