We were spending an enormous sum of money in fiscal year 2008. I do believe that in this crisis we have, we can get back to that level and make do. That is so important in light of what this Congress and this administration have done to the national debt in 3 short fiscal years. Last year, this government added $1.4 trillion to the national debt. That is $1.4 trillion we spent here in Washington that we didn't have. This year, it will be almost that much--$1.34 trillion. And if things don't change, the national deficit, which will add to the debt, the next fiscal year will be $1.42 trillion. It is a crisis. We need to address it, and this legislation is a start.
Editor's note · Context
The speaker addresses the national debt and fiscal crisis facing the government.
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