Lateefah Simon: “This is my time. I wish to answer the question. No nation has gone into where we are projected to go in terms of deficit…”

“This is my time. I wish to answer the question. No nation has gone into where we are projected to go in terms of deficit versus GDP without monetizing the debt, without printing money. Second, all the other industrial nations without exception that I know of have a parliamentary system. So that when the Government decides something--some of us, for example, were meeting with Margaret Thatcher, I remember, and she said, ``Why don't you get ahold of your deficit? I can't believe you are not getting ahold of your deficit.'' And we had to explain to her--and she knows a lot about our system, but we had to explain--``We just cannot get rid of a deficit as easily as you can in the United Kingdom.'' And they faced this problem. We have not faced this problem. What this amendment is trying to tell us to do is let us face this problem.”