Dan Coats: “I appreciate the remarks of my colleague from Texas. I want to add my thoughts to much the same issue. I rise, once…”

“I appreciate the remarks of my colleague from Texas. I want to add my thoughts to much the same issue. I rise, once again, to address what I believe and what many believe is the most important issue that faces this Congress and faces the Nation as a whole; that issue is, the out-of-control Federal Government spending that continues to pile up unsustainable debt and threaten our economic future. Both Republicans and Democrats and conservatives and liberals have acknowledged that unless we get the debt under control, we will eventually reach a tipping point where investors either stop buying our debt or insist on higher interest rates to account for their greater risk. This can trigger a crisis of confidence, a crisis that would likely happen if we do not take action, and take action soon to address this problem. We have witnessed what happens in a number of European nations. Greece comes to mind, of course. That country is in chaos based on promises made that cannot be kept, based on spending that could not be covered, based on a country that defied the math and the laws of economics. But it is not just Greece.…”