Political Quotes

“Mr. President, the national debt just recently surpassed $33 trillion. That is $280,000 per household. Unless we change course, the debt only increases. CBO predicts trillion-dollar deficits as far as the eye can see. We borrow over $176,000,000 every hour, $3,000,000 is borrowed every minute, and $50,000 every second. It is out of control. Net interest payments are anticipated to double, from $475 billion to a trillion dollars by fiscal year 2028. Interest will be the largest item of expenditure for the Federal Government. Americans could pay dearly for Congress's inability to say no to the welfare and warfare state. It could mean confiscatory tax rates, high inflation, and a weak economy. But it doesn't have to be this way. My amendment begins the path toward fiscal health by saving the taxpayers $30 billion. My amendment also cuts $25 billion that the Biden administration wants to use to sic the IRS on taxpayers to squeeze them for even more money. That is a reduction of $55 billion for what the government is on track to spend. I urge a ``yes'' vote on my amendment. The PRESIDING OFFICER. The Senator from Washington.”