Madam President, when I served in the House of Representatives, I walked into a lot of meetings back in Indiana full of angry conservatives. Do you know what they were angry about? They were angry about the debt limit in 2011, 2013, 2014, and more. And in each of those meetings, I made the argument that raising the debt limit was a necessary thing to do, a responsible thing to do, a conservative thing to do. I still believe that. Defaulting on our Nation's debt will start a dangerous spiral of economic turmoil that will rebound to the disadvantage of the least among us. Interest rates would rise, the value of the dollar would fall, essential government workers might not get paid, and so on and so forth. Now, back in those days, as a Republican in the House majority, we never failed to raise the debt limit--not once. And we also never failed to have a say in the spending that necessitated raising the debt limit. In 2019, we again raised the debt limit, this time through July 13 of this year. Now it is Democrats. It is my Democrat friends who control the majority in both Chambers of Congress. And with that control, the hard- left has embarked on an unprecedented, reckless spending spree designed to remake America in their image in fairly short order--before year's end--$1.9 trillion in March; a $4.2 trillion budget authored by Senator Bernie Sanders; and now $3.5 trillion on a partisan, human infrastructure grab bag, the largest spending bill in American history.…
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