On the recordJune 23, 2010
I'd like to thank my friend from Missouri for leading tonight's discussion about the economic problems that we're facing today in our country. And of course, as you showed those comments from Henry Morgenthau, who was the Treasury Secretary under FDR, who in fact not only pointed out the problems of the massive spending back then, but really was kind of prescient because some of the things he talked about back then are still as relevant, if not more, today because he predicted the problems, he discussed the problems of government spending and spending and borrowing and borrowing with no results, and in fact with detrimental results because of the damage it's done. And of course here we are today seeing the results of that same failed policy of history, unfortunately, repeating itself.





