On the recordMarch 28, 2012
America is on the economic road to Greece. Our national debt is 100 percent of our gross domestic product. And I want you to think about that 1 minute. Did you ever think you would hear that on the floor of Congress, that our national debt is 100 percent of our gross domestic product? It's just mind-boggling if you just take a step back and think, for every dollar we spend, 42 cents is borrowed. What would a business do, what would a family do, what would you do with your own individual finances? Obviously, you would change your ways. Today we have that opportunity. That's what the Ryan Republican budget is all about. Number one, it reduces spending. It reduces spending by over $5 trillion, more than the President. Number two, it eliminates loopholes in the tax system so that the Tax Code would be fair, competitive, and balanced. Number three, it reduces the deficit and the debt by over $3 trillion. And number four, it reduces the size of government from being 24 percent of the economy down to 20 percent. Hopefully, we could even reduce it more than that, and it reduces the size of government without endangering us from a national security point of view, or without pulling out the safety net that's so important to our seniors and our most vulnerable members of society. It does this through commonsense reforms, through elimination of waste, through reduction and duplications. You know there are 44 different Federal job training programs?…





