On the recordSeptember 14, 2022
So the plan that the Democrats are going to give you, not only on this, was put out clearly in President Biden's blueprint for our country to put us $45 trillion in debt in 10 years, where we will be paying as much on interest as we do on discretionary spending domestically or the military budget. That is no business plan. How do you think they are going to pay for the debt forgiveness? They are going to borrow the money to do it, to backfill to pay the people who are owed the money. One other point of clarification. When you had a practical bill--the Tax Cuts and Jobs Act, which was done before Senator Scott and I got here--it was a plan to grow economic activity, a way to pay for it. Had COVID not come along, the CBO was ready to say that it was paying for itself because we were growing the economy at 3 percent. And the $150 billion per year over 10 years, which is chump change now compared to the $3 trillion the Democrats have put us in debt over the last year and a half, was growing the economy with zero inflation, raising wages in the toughest spots for those wage earners. We have always tried to do it without borrowing it from our kids and our grandkids. I yield back the floor to Senator Scott. The PRESIDING OFFICER. The Senator from Florida.
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