On the recordApril 15, 2010
I have a simple motion that every American can understand. It says: Stop the out-of-control spending until we balance the budget and get our fiscal house in order. People are worried. They are worried about what this Congress is doing to their children's futures, and rightly so. This year, the Federal Government will take in $2.1 trillion but will spend $3.6 trillion. Let me say that again. It will take in $2.1 trillion and spend $3.6 trillion. Only in Congress does that math make sense. That's like a family making $50,000 a year but spending $80,000. If that were your family, Mr. Speaker, making 50 and spending 80, you'd do something about it. You'd cut back. You'd tighten the belt. You'd make responsible decisions. But not this Congress. No, not this Congress. This Congress is spending like there is no tomorrow. This year, the Federal Government will run a deficit of at least $1.4 trillion. That's 10 percent of GDP. Any economist in the world will tell you that deficits shouldn't be more than 2 or 3 percent of GDP.
