On the recordOctober 30, 2015
the No. 1 threat to our country's future is our debt. The No. 1 threat to our national security is our debt. When Admiral Mullen was asked about the debt in the recent past, he said that it is indeed the debt that is the No. 1 threat to our national security. This deal gives the President the power to borrow unlimited amounts of money. This is extraordinary in the sense that we are not to specify how much money the President can borrow; we are to allow the President to borrow unlimited amounts of money. This deal represents the worst of Washington culture. One of the colloquial ways of putting this is guns and butter. What this deal does is allow one side to have more guns and one side to have more butter. It is the old proverbial guns and butter that is bankrupting this country. Often people want to point fingers in Washington and out in the campaign hustings and they want to say, well, it is Democrats' fault or it is Republicans' fault. What this bill shows is it is really the fault of both parties. There is an unholy alliance in Washington between right and left, frankly, and it is the guns and butter caucus. On the right they say we need more money for military. On the left they say we need more money for welfare. So they get together, there is a secret handshake, we spend more money on everything, and the country is going bankrupt as a consequence. We borrow $1 million every minute. This threatens the very foundation of our country.…
