On the recordApril 14, 2011
And I put it to you, Madam Chairwoman, that that's what this debate is really about. That's what this debate is really about. Are we going to maintain the American system, or are we trying to move towards a European system? And I will tell you that that's really what this fight is all about. And the budget that we're here defending tonight, as members of the Joint Economic Committee, is the budget that defends the American system, that defends the system that says the government really should only take 18 or 19 percent away from the private sector, that that's enough, that we don't want to be Europe, where people pay VAT taxes and people pay much higher rates of taxation. The government takes 30, 40, or 50 percent. And what the opposition is offering is a European-style model. So I simply ask my friends on both sides to consider what kind of country we want to be. Do we want to continue on as the America that we've known for years, or do we want to become Europe? And I suggest, Madam Chair, that the former is the better course of action.





