On the recordJuly 14, 2016
it is time once again for the waste of the week. This is ``Waste of the Week'' No. 48. For 48 weeks I have been coming to the Senate floor during this Senate session, a 2-year session, talking about the waste, fraud, and abuse of taxpayer money. The ever-growing need to tackle our soaring debt has been brought to our attention once again this week by the nonpartisan Congressional Budget Office. On Tuesday, the budget office released its long-term Federal budget update, and it is not pretty. Once again, CBO bluntly told Congress that we need to reduce the Federal debt as soon as possible. How many times do they have to send a report here saying: Look, the house is on fire; you have to do something about it. I say, once again--but I can say once again, once again, once again, once again, once again--the Congressional Budget Office is nonpartisan. It is not Republican; it is not Democrat; it is not liberal; it is not conservative. These guys deal with numbers, and the numbers don't lie. You don't have to be a math genius to figure out that we are spending far more than we take in, and we have to borrow against that. Just under this administration, we have nearly doubled from $10.7 trillion of national debt to almost $20 trillion of national debt. This is the legacy the President wants to carry? You never hear him talk about this. You never hear this mentioned. Oh, ObamaCare is the best thing that has ever happened in the world.…
Source
govinfo.gov




