On the recordJune 13, 2012
I heard the remarks of my colleague from California, and I just cannot let the record stand that President Obama took over in the worst circumstances of our time. Really? The debt of this country was around $10 trillion when President Obama took office. In just 3\1/2\ years, that debt has almost doubled. We are now over $15 trillion and will soon be hitting the $16 trillion debt ceiling limit in just 3\1/2\ years. We are in a debt crisis not from the previous administration, we are in a debt crisis because we are spending too much, we are borrowing too much, and the President keeps talking about more taxes. Just last Friday, the President came out and said: ``The private sector is doing [just] fine.'' It is government that is in a crisis. Well, yes, government is in a crisis. The private sector is not doing just fine, and the government crisis is not caused because we are losing government jobs. The government crisis is caused because we are spending too much, and we are going into debt that is unsustainable in this country. For the millions of Americans who are out of work in this country, the President's assessment of the private sector must be like salt poured in a wound. My goodness, we have seen job numbers of over 8 percent unemployment since the President took office. The last 3 months have been not so good. We are still over 8 percent, and we went up a little bit to 8.2 percent in May.…
