On the recordSeptember 26, 2023
I remind Americans, if they are watching, that we are not dealing with Monopoly money. Where are the ideas to solve a $2 trillion budget deficit? The President didn't have any. In fact, the President submitted a budget to Congress that never ever balanced and was supposed to have $1 trillion deficits, but in fact, we had overspending in the so-called Inflation Reduction Act, which is one of the biggest misnomers we ever had in the history of Congress. The American people know, when you increase spending by hundreds and hundreds of billions of dollars, you increase inflation. You don't reduce it, you increase it. The fact of the matter is, our deficit is now $2 trillion, not $1 trillion. Mr. Chair, I am hoping to hear from the other side of the aisle: How do we pay for all of this? We have to borrow every single penny of this bill, and it has to be paid back by our children, our great-grandchildren--those are the facts. I know the facts are disturbing, but we have a $2 trillion deficit, and it is the House Republicans who are taking the responsible position in Washington and dealing with it. Mr. Chairman, I reserve the balance of my time.
