On the recordMay 28, 2021
we are currently $28 trillion in debt. Whose fault is it--Republicans? Democrats? The answer is yes, yes on both fronts. Both parties are responsible for the debt, and one side is honest about it. One side will tell you they don't give a fig about the debt: The debt be damned. We are for new monetary theories. Spend as much as you have got; borrow as much as you can; and somehow we are going to combat the influence of China by borrowing more money from China. It doesn't really seem to make a lot of sense, but that is where we are. So we have before us a bill that will simply add to the debt. We will go further in debt. You might make the argument that we are actually less strong as a nation the more in debt we are. Where is the opposition? Now, there is no opposition on one side of the aisle, and on the other side, there is feigned opposition. The Republicans will feign opposition to the debt. They will say: Well, yes, we care about the debt, and the other side spends too much and borrows too much. You will hear Republicans throughout the land campaigning against the debt, only to come to Washington and vote for most of the debt. So what we end up with is a $28 trillion debt. We actually borrow more in a month than we used to borrow in a year. In March of this year, we borrowed $660 billion in 1 month. The proposals for spending are alarming. We have spent and borrowed more in the last 2 years than we did during World War II.…
