Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, the American people woke up several days ago to the very sad reality that this Nation has just incurred its single largest monthly deficit in the history of the Nation, $226 billion, which, by a back-of-the-envelope calculation, that is roughly $2,500 for every household in just 1 month. And, Mr. Chairman, February is the shortest month of the year. This is on top of our Nation's first trillion-dollar deficit, our Nation's second trillion-dollar deficit. And now, according to the budget presented by the President of the United States, the third-largest, the largest deficit, in America's history and the third trillion-dollar-plus deficit. Mr. Chairman, the Nation is drowning in a sea of red ink. If we want to help job creators create jobs today, we have got to start taking away the uncertainty of this huge national debt. If we want to save our children from bankruptcy tomorrow, we have to start doing something about the national debt. But everybody says essentially: well, not in my backyard. Not with my programs. Not today. Let's do it some other day. Let's kick the can down the road. But, Mr. Chairman, this is a Nation that is borrowing 40 cents on the dollar, much of it from the Chinese, and we are sending the bill to our children and grandchildren. This is a form of intergenerational theft.…
On the recordMarch 11, 2011
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