I think the point is not lost on many of us that we are the greatest Nation on the face of the Earth. We have the greatest economy on the face of the Earth. This is a country that, with 5 percent of the world's population, Mr. Speaker, that is one out of every 20 people that exist on the Earth live in the U.S., we control 25 percent of the world's wealth. So when we have to go borrow money, certainly the countries that may have surpluses, they want to lend it to us, but when they see a country that deficit-spends year after year after year, and I suppose we have been spending in the red now for six consecutive years, at some point in time, they as lenders will begin to question the long-term health of our economy. I am not a pessimist, Mr. Speaker. I believe that we have the greatest economic model in the world in this country, and I think the American people will make the adjustments as time goes on. 2030 I think the first adjustment was made back on November 7 in which the American people said we want a divided government, we want a more accountable government.
Editor's note · Context
Discussing the U.S. economy and government accountability.
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