On the recordJuly 24, 2012
I see very little discussion of the U.S. debt crisis. We know that on a nominal basis, this country has now racked up more debt in the last 3 years than in the previous 200 years.
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congress.govI see very little discussion of the U.S. debt crisis. We know that on a nominal basis, this country has now racked up more debt in the last 3 years than in the previous 200 years.
Hensarling criticizes the lack of focus on U.S. debt compared to European issues.
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If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
I am now very pleased to yield 2 minutes to the gentleman from Louisiana (Mr. Scalise), the majority whip.
May I ask how much time I have left? The SPEAKER pro tempore (Mr. Bacon). The gentleman from Texas has 7 minutes remaining.