On the recordSeptember 25, 2024
Mr. President, this year the United States will spend over $6 trillion while only bringing in $4 trillion in revenue. That is a profound gap; $2 trillion will be borrowed this year. To add insult to injury, Congress spends like drunken sailors without even bothering to pass a budget. There is no budget. The Democrats have passed no budget in the Senate, and the Republicans have passed no budget in the House. We are going to spend $6 trillion without anybody even thinking about where the money comes from out of budget to afford a $6 trillion government. In fact, over the past 20 years, Congress has passed a budget less than half of the time. So today, I will attempt to do what both parties have failed to do; and that is, pass a budget. They didn't ask me to do this. In fact, they would probably prefer I not introduce a budget because it embarrasses the status quo of both parties. I am only allowed to introduce this budget because they didn't do their job, and once upon a time, someone wrote privileged rules into the Senate that say: If the parties fail to produce a budget, anyone can. So I have leapt at the chance because I think the American people would like to see us do something responsible, like balancing our budget. The penny plan that I offer today will balance the budget in 5 years. The Federal Government passed an ignominious landmark this year. Our national debt now stands at $35 trillion and grows with each passing second.…
Source
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