Mr. President, it is time for the people of the U.S. Congress to be sure we are listening to what our constituents, the American people, are telling us. If it was unclear before, the Massachusetts Senate race should put to rest any doubts about what is really frustrating Americans. Americans have had it with the soaring level of spending and debt. They know that enormous spending and skyrocketing deficits take a bite out of the economy, dragging down our gross domestic product, our standard of living, and making investors and job creators very nervous. They are concerned about the unfathomable amounts of money now being spent. For the first year of the Obama administration, the numbers are eye- popping. Consider, one, a wasteful $1.2 trillion stimulus that was a failure, according to the administration's own yardstick; two, a $410 billion omnibus Federal spending bill that increased nondefense spending by 10 percent; three, a $2.5 trillion government takeover of health care that this Senate passed on Christmas Eve. Hopefully, this will never actually become law. We have had two huge increases in the debt ceiling, with a third being debated now, and a massive budget that doubles the deficit in 5 years and triples it in 10. It is not necessary. It is not inevitable. We can and should prevent it. Remember, we have to borrow most of this money.…
On the recordJanuary 25, 2010
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