On the recordOctober 7, 2021
Mr. President, we are rapidly approaching a milestone in our country, and it is not a good one. We are rapidly approaching $30 trillion in debt. We are accumulating debt like we never have at any time in our history. We are actually accumulating debt at the rate of over $2 million per minute. Now, some say deficits don't matter. Some on the left say they have this new monetary theory: We can just print it all up. You can all have free stuff. There will be manna from Heaven. And nothing could go wrong; we are just going to give you money. If not $1,400 checks a month or a year, why don't we give you monthly checks? That is part of the new plans. The new plans of the $3\1/2\ trillion that we are facing down at this point--that will all be borrowed--is to give people free money; to give people free this, free that. But I think people are smarter than that. I think people know that, ultimately, you don't get anything in life without hard work; you don't get anything in life, really, for free. Isn't there some kind of ramification to so much borrowed money? When someone comes to you and says or they call you on the phone and they say ``Here is a thousand dollars; all you have got to do is sign up for this,'' most people immediately recoil and they say ``Well, that might be a scam. Somebody is going to be ripping me off to say that.'' Well, that is sort of the bait-and-switch of the politics we face now.…
Source
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