Rand Paul: “The Federal Government brought in $3.3 trillion in revenue last year and spent $6.6 trillion for a record- setting $3.3…”

“The Federal Government brought in $3.3 trillion in revenue last year and spent $6.6 trillion for a record- setting $3.3 trillion deficit. If you are looking for more COVID bailout money, we don't have any. The coffers are bare. We have no rainy day fund. We have no savings account. Congress has spent all of the money. Congress spent all of the money a long time ago. The economic damage from the pandemic is not the reason for this runaway spending. This has gone on for decades. Today's money is gone, so Congress is spending tomorrow's money. When you look at a graph of our projected spending, you see a big spike this year. The spike is a mountain of money doled out to pay for the economic ruin of the government mandates. When we talk about spending tomorrow's money, this is not just money we will need next month; this is money we will need in a decade--money we will need in one, two, and three generations from now. For national defense. For infrastructure. This is money that your children and grandchildren will pay back with interest, and it is going up by more than a trillion dollars every year. Instead of enjoying the same wealth and opportunity that we have enjoyed in this country, our children will be stuck paying our bills-- with interest. Every taxpaying American already owes $136,754 today, and they are staring at a red-ink projection into the future. We are $27 trillion in total debt today.…”