Jeb Hensarling: “Again, we cannot lose sight of the fact that our Nation is drowning in a sea of red ink. It is a sea of red ink that…”

“Again, we cannot lose sight of the fact that our Nation is drowning in a sea of red ink. It is a sea of red ink that continues to hamper job creation. Job creators today are uncertain of our future. They know, though, they know that historic levels of debt lead to historic levels of taxation, which can only lead to historic levels of unemployment. They are looking for some signal from this body that we get it, that we get it, that we are going to stop borrowing 40 cents on the dollar, much of it from the Chinese, and sending the bill to our children and our grandchildren. Again, when the annual deficit, the annual deficit was $200 billion and dropping, as opposed to the monthly deficit, which is now over 200 billion, but when the annual deficit was 200 billion, the gentleman from Maryland, the Democratic whip, said that was fiscal child abuse. Now, my friends on the other side of the aisle are introducing the term 'mean spirited.' I don't know. Is fiscal child abuse mean spirited? It's their term, Madam Chair. I will let them reflect upon that.”