Jeb Hensarling: “Mr. Chair, the American people are asking this Congress and this President what part of ``broke'' don't you understand.…”

“Mr. Chair, the American people are asking this Congress and this President what part of ``broke'' don't you understand. Already we have seen, on June 30, the third largest one-day increase in the national debt in our history: $166 billion larger than the entire annual deficit of 2007. Already this year the deficit has crossed the trillion dollar mark for only the second time in American history. Of course, the first time, as we know, was last year. We are looking at the largest national debt in our Nation's history. As a percentage of our economy, it rivals that of World War II, and it's only due to get worse. And yet since the Democratic majority has come in, President Obama has been elected, this body has gone on a spending spree, today borrowing 41 cents on the dollar, mainly from the Chinese, to send the bill to our children and our grandchildren. So today we have an appropriations bill, one, Mr. Chairman, that's coming to this floor without a budget. First time in the history of the House the House hasn't even attempted to pass a budget.”