Virginia Foxx: “Let's just put Federal spending into context. Do you know that the United States Federal Government is on track to spend…”

“Let's just put Federal spending into context. Do you know that the United States Federal Government is on track to spend more money next year than Germany's entire economy in 2005? Germany is and has been the third largest economy in the world. There are only two countries in the world with entire economies larger than the U.S. Government budget, the United States itself and Japan. Do you know that next fiscal year, the fiscal year we are considering now, the U.S. Government is on track to spend $700 billion more, $700 billion more. That's more than the entire Chinese economy in 2005. We are on a spending spree that needs to stop. It's called a tax-and-spend policy. That's the model. It hasn't changed. So I urge my colleagues to vote ``yes'' on this amendment and make a very small dent in this unsustainable fiscal policy.”