we have offered this amendment for the eighth time. Let me just help set a framework before I talk specifically about the amendment. Today we have approximately a $200 billion annual budget deficit. We have an $8 trillion national debt. We have a budget that we have been debating over the last several weeks and will complete the spending process of that next week, but we have a budget of $3 trillion annual budget. We have an entitlement spending crisis looming, when we think about what's going to happen in the next 10 to 15 years relative to Social Security, Medicare, Medicaid. We have got a crisis that we have to begin to deal with. Today, today the Federal Government spends approximately $23,000 per household. Now, with that as a frame work, I think it's fair to ask, is government too big or too small? If you ask that question of the average American family, my guess is when they think about those facts, $200 billion deficit, $3 trillion annual budget, $8 trillion national debt and an entitlement crisis that is looming, and a Federal Government that spends $23,000 per American household, if you asked the average American family if government is too big, my guess is they would probably say yes. All this amendment does is begin to take that first step, that modest first step into getting our spending under control.
Jim Jordan: “we have offered this amendment for the eighth time. Let me just help set a framework before I talk specifically about…”
On the recordJuly 26, 2007
Source
govinfo.govEditor's note · Context
Discussing the need for budget reform and addressing the national debt during a floor debate.
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