On the recordJuly 7, 2011
Mr. President, I rise, along with my fellow colleagues, to again address the need to reduce our deficit and our debt. The United States is the strongest country in the world--in the history of the world--but that will not be the case for long if we do not solve our deficit and our debt crisis. It is vital we solve it now for our generation, but it is vital we solve it for future generations as well. The wealth, the economic activity of this country, is created by the private sector, by hard-working men and women, not by the government. The government creates the forum, the environment, if you will, that fosters or allows economic activity. But the key is, the government should not just allow economic activity, the government needs to create an environment that truly empowers, that promotes economic activity, that encourages private investment, that encourages entrepreneurship, business expansion and job growth, innovation--the very entrepreneurial activity that has built this country. That is the success of America, that is the strength of our country, that is how America has become the greatest economic powerhouse in the history of the world. That is why our people enjoy the highest standard of living. But our current administration believes more government is the answer--more spending, more regulation, and more taxes. It is not the answer. That is the problem, and it is making the situation worse. Let's go through just some of the economic statistics.…





