On the recordDecember 10, 2020
Mr. President, Rick mentioned that back in 2018, we ran on what we are talking about today. We wouldn't be honest to the people who elected us to come here. I had eight pages of prepared remarks. This is something I have talked about so often. I am going to cover some new terrain to make it relatable to the citizens across this country about how this place works and how it is so different from how anything else works. A few of us come from the world of accountability--the business world--where you don't have the luxury of doing what we do here in the Federal Government. Listen to this closely because this is what most citizens don't understand. We are given the revenues here in this place, and our only job, No. 1, should be not to spend more than what we are given. We don't do that. We borrow 23 percent, roughly, of what we spend. Try taking that to your banker, running a business, see if you can get a loan doing that. That is just a real simple way to look at how we do this year after year. On Main Street, whether you are running a business, whether it is your household--I served in State government for 3 years. We were smart enough to have a balanced budget amendment. We believed in things like a rainy day fund. It was in our DNA. We didn't have to think about it; that in the long run, you are not going to succeed if you spend more than what you take in. Coming out of World War II was the highest level of national debt we ever had--roughly, where we are now.…
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