Mr. President, about the time I think Washington is beginning to get the message that the American people are fed up with runaway spending, my hopes are dashed by proposals to spend even more. I would like to refer to one here in just a moment. First, there is no question that the American people are unhappy about the spending binge and soaring debt that have occurred under this administration and this Congress. In the last year and a half, there has been trillions in new spending, program after program, bailout after bailout. We are about to see another one. Every time I return home to Arizona from Washington, my constituents remind me of their frustration with Washington's lack of restraint. They know the reckless spending and borrowing cannot go on forever. They are worried about how their kids and their grandkids will pay for all of President Obama's spending priorities and associated debt. Now, $260 of new debt has been added to each household every week of the Obama administration. Let me repeat. For every week of this administration, every household has another $260 of debt. Our national debt has now reached $13 trillion, much of which is held by countries such as China. More than $1 trillion has been added to the debt since the majority adopted legislation they called pay-go. These are so- called budget controls which require Congress to pay for what it spends.…
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