Jeb Hensarling: “I thank the distinguished chairman of the Rules Committee for yielding, Mr. Speaker. I also want to thank the gentleman…”

“I thank the distinguished chairman of the Rules Committee for yielding, Mr. Speaker. I also want to thank the gentleman from California (Mr. McClintock), who has been, perhaps, the most cogent defender of the Constitution on the floor of the United States House of Representatives and who has provided his leadership today to ensure that we do not have default on sovereign debt but that we put this Nation on a path to fiscal sanity, and I thank him for his leadership. Mr. Speaker, the folks in the Fifth Congressional District of Texas, whom I'm proud to represent, have a lot of insecurity about their personal economy, and they have great fear that their children will not enjoy a brighter future. I heard my friend, the gentleman from Colorado, say that everyone gets paid. Well, maybe that's part of the problem. Maybe that is one of the reasons under President Obama's leadership there has been more debt created in the last 4 years than in our Nation's first 200. We are awash in debt. We know that we have a debt, not because we have insufficient taxes, but because we spend too much. Math is a pesky thing. In the last 10 years, the Department of Ag: up 114 percent; HUD: up 61 percent; HHS: up 79 percent. Our total government spending has increased 70 percent; and measured by median family income, the family budget, which has to pay for the Federal budget, it is down 6 percent. Now, some have said, You know, revenues are a problem.…”