On the recordMay 22, 2024
We are already crushing the next generation, the next three generations. My wife is my age, and I have an 8-year-old and a 23-month-old. Mathematically, my 23-month-old, when he is 20 years old, U.S. taxes will have to be double what they are today to maintain baseline services. This is what we are doing to our society. We are coming behind these microphones, and we have done the economic presentations. We can do the Democrats' tax scheme. You get about 1.5 percent of GDP if you were able to tax maximize everything. For those of us who want to cut things, we get about a point of discretionary nondefense. That is $300 billion there if we could cut that much, so 2.5 percent. This fiscal year so far, we were expecting to borrow about 5, 5.5 percent of GDP. We are closer to 9. Does anyone see a math problem there? If this is the political rhetoric, that they want to raise taxes and we want to cut, and you only get this much, maybe we need to promote policies that disrupt the cost of government and the cost of healthcare. A couple of weeks ago, I gave a series of presentations here on using technology, using AI, those things, to make government much smaller. We can do things like this. There are paths. Mr. Speaker pro tempore, are we up against time? The SPEAKER pro tempore. The time of the gentleman has expired.
