Jeb Hensarling: “I must admit, every time I come to the floor and a Democrat lectures me on fiscal responsibility, I feel like I am…”

“I must admit, every time I come to the floor and a Democrat lectures me on fiscal responsibility, I feel like I am having an Alice in Wonderland experience; and that is because the deficit is the symptom, it is spending that is the disease. And so we have Democrats come to the floor and say, well, when you Republicans were in power, you spent too much. Well, some of us Republicans agree. So what is your answer, Mr. Chairman? Well, they want to spend even more. For the last 10 years, look at the record. Every time the Republicans offer one budget, the Democrats offer a budget that spends even more. And then they say it is fiscally irresponsible that the national debt went up from $5 trillion to $8 trillion. I don't like that a bit. But, guess what? Because the Democrats' budget was stone cold silent on entitlement spending, the national debt unfunded obligations is $50 trillion. So I will be glad to accept responsibility for $3 trillion when my friends on the other side of the aisle accept responsibility for their $50 trillion.”