On the recordMarch 10, 2023
I don't know if I will use every bit of that. I appreciate the point that the gentleman from North Carolina just made, because it is critically important and it merits at least one final repetition, that this great country racked up the level of debt that we currently have today relative to the size of its economy in 1946. But why was that? To rid the world of fascism, to confront our enemies, to defeat those enemies, and to protect this great country. Then we embarked for 50 years and grew ourselves to the point to be able to balance the budget by 2000, with strong economic growth. It took that much time. Here we sit today in 2023 with $32 trillion of debt, sitting, at the President's own admission, at 60 basis points of economic growth this year. He wants his grand solution to be, oh, we will just rack up $17 trillion more debt in the next decade, because I am going to save $3 trillion by taxing the American people and regulating the American people. It doesn't work. This is President Biden's actual form of voodoo economics. He is going to level this country, layer mountains more debt on our kids and grandkids, all while funding the very things that are undermining our ability to have economic growth, prosperity, and freedom.…
