07/20/2009
https://congress.gov...
"Congress alone has the constitutional power to tax, to borrow, and to spend. We regulate our borrowing through the debt limit."
"If you are paying your home mortgage with your credit card, and that is essentially what this country is doing at the moment..."
"That is why we dare not increase the debt without also correcting what is causing it."
"Within 5 years, it will consume more than we now spend for our entire defense establishment."