On the recordDecember 7, 2010
Thank you, and I appreciate the opportunity. Thank you for bringing the Nation's attention to this problem. This is absolutely stunning. We spent a year and a half listening to our campaign opponents talk about borrowing and spending, borrowing and spending. Indeed, we really do have to get control of the debt. We have been working on that but suddenly they have blown that to pieces because everything in this bill is going to be paid for by borrowing the money. So the middle class, who needed these tax breaks and deserve these tax breaks, will now carry the debt for the very wealthy who didn't need them and will get huge, huge amounts of money, all borrowed, probably from China, and then they will tell the middle class, but, look, there is something here for you too. You are going to get a piece also. But, by the way, you are also going to be paying for it because we are borrowing the money. So if you don't pay for it your children will pay for it. Shame on all of us if we allow this to happen after talking about this debt and saying we are really getting serious about the debt. I mean, I campaigned on this in 2005. I said the debt was like an iceberg, and we were about to crash into it. We borrowed from the Chinese, and that was a national security risk as well as an economic risk.
