On the recordFebruary 3, 2021
I know it is fascinating, and I have heard this argument now year after year after year talking about how much every individual in this country has owed because of the debt--the national debt. We have been accumulating debt in this country for most of our 240-year history. I ask the gentleman: Has there ever been one American citizen or one American citizen's ancestor who has ever paid any of that debt or who has ever been asked to pay for that debt? Of course not. That is because we are a sovereign currency nation. We don't pay attention to that. And just to clarify one thing he said, he said spending money has never helped in a crisis. Well, you will find virtually no economist who will not say that what we did last spring when we passed the CARES Act helped us mitigate the very first few months of this disaster. We didn't do enough then. We can't make the same mistake now. Mr. Speaker, I yield 2\1/2\ minutes to the gentleman from California (Mr. Takano), the distinguished chair of the Committee on Veterans' Affairs.





