Joel Hefley: “Republicans have a plan to pay Uncle Sam's credit card bills. For over 30 years, tax and spend liberals have racked up…”

“Republicans have a plan to pay Uncle Sam's credit card bills. For over 30 years, tax and spend liberals have racked up an enormous debt. It is just now beginning to be paid down, thanks to the GOP majority in the House and Senate. In our budget, we will pay down $3.6 trillion, yes, that is $3.6 trillion, in public debt by the year 2013. Why does this matter? If we ask a family in my district if they live better without debt, or if they would rather be sitting on massive credit card bills with high interest rates, it is pretty easy to guess the answer will be the former. They will have a hard time understanding the fact that a sizable chunk of our annual budget goes to pay creditors because government spending cannot be kept under control. Mr. Speaker, paying the public debt will benefit everyone. Seniors will not have their social security funds raided, homebuyers will have lower mortgage rates, car buyers will have lower interest rates. This country will function better with a zero balance and maybe even a surplus to be given back to the taxpayer. It is time to lift the burden of debt off our children. It is time to support the Republican budget and eliminate the public debt.”