On the recordMay 31, 2011
I appreciate the chairman for yielding me this moment to address the American people and the students that might be watching on TV or here in the gallery. Once again, you see the problem that we have here in Washington. We cannot have a fact-based conversation with the American people, which they desperately want. I talked to a lot of students back at home, and I said, how many of you are going to have a summer job? A lot of them raised their hands. I said, okay, we're going to say you're going to make $220 a week. But you've got a problem. We're going to take your credit card, and you're going to spend $370 a week. How long do you think you can do that as you're saving up for college, as you're saving for that car or that piece of computer equipment? Can you do that all summer? The kids look at me and say, of course not. Don't be dumb. You can't do that. Then I say, do you know what? Add 10 zeros to it. Add 10 zeros to that, and that's exactly what we are doing here in the United States Congress, what we have been doing repeatedly, both sides of the aisle, with both administrations. It doesn't matter. We have got to get this under control. Because when you add those 10 zeros, just like my friend from New Mexico was talking about, we take in $2.2 trillion a year, we spend $3.7 trillion a year. It's time to tear up that credit card, Mr. Speaker.
Source
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