Trillions of dollars. Trillions of dollars. We have kids now, growing up, can't even get to the trillion part. Who are we getting the money from? That is interesting, a list of countries. Mr. Ryan has been to a few of these countries. Japan has $644.3 billion of our debt. They bought that debt because of Republican policies and because of the rubber-stamp Congress. We have to have a paradigm shift here. We want to change. China, $249.8 billion, I think it is important to also understand that. The UK, $239.1 billion. You can see it goes across, and all of these countries have a part of American apple pie now. This is the same group, the same folks that are saying that we are going to continue to raise taxes and we don't manage. We are the party and we are the majority, back when we had the majority 12 years ago, that balanced the budget and took us into surpluses. So who has the track record as relates to doing the right thing on behalf of the country? Budget resolution reaches balance by 2010. The numbers come from the Congressional Budget Office. And this is the House resolution, our bill. The Bush budget is projected to be $31 billion under, still in deficit. We are going to be at a surplus. These are the projections by 2010, $1.53 billion. These are the facts, Mr. Ryan. And I know they hurt for some Members, but they are educational to others, and they give them what they need to be able to come here and make sound decisions.
Kendrick Meek: “Trillions of dollars. Trillions of dollars. We have kids now, growing up, can't even get to the trillion part. Who are…”
Editor's note · Context
Discussing U.S. debt and budget projections during a House floor debate.
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