On the recordJune 26, 2024
Mr. Chairman, I respectfully disagree. We are not retreating on the world stage. What we are trying to do is get our fiscal house in order so that America can cheat history as a republic that can outlast most democracies. I will contend we are not a democracy. We are, specifically, a republic. We are cheating history if we can get our fiscal house in order and continue this great experiment. Retreating on the world stage is what I am afraid is going to happen. We are about to run out of the funds to be able to continue this great experiment in self-governance. I would ask Members to consider that Chairman Arrington of the Budget Committee sent some of us this story from the Asia Times, and it is called: ``U.S. Debt Moving Toward $50 Trillion Isn't Whole Story.'' This is the Asian perspective about what they are looking at in America as us heading toward a sovereign debt crisis and us losing the reserve world currency. {time} 1745 We are up against a great threat. I am greatly concerned about the future of this country. We are not retreating. We are trying to strengthen. There is an old African proverb: If there is no enemy on the inside, the enemy on the outside can do you no harm. We have to get strong within. Mr. Chair, I yield back the balance of my time.





