On the recordDecember 17, 2010
Thank you, Mr. Speaker. As always, it is an honor and a privilege to address this House, especially when you know the history of this place. I would like to comment about my friend across the aisle who was talking about the 9/11 first responders. Those were heroes. They are heroes. They are really true testaments to the good in America. So many first responders were going up the stairs to rescue people as most everyone else was fleeing. They are true heroes. What is not as heroic--in fact, it isn't heroic at all--is to bring a bill before the floor and say, Here is a bunch of heroes we need to help. We're not going to cut spending in any other areas. We know there is massive waste, fraud and abuse all over the place. We know there are entities that really have not been able to show any real benefit to the American economy, to American freedom, to American security; but we are not going to cut those, because those are favored in our eyes, too. We want you to borrow more money from the Chinese and from whoever is willing to keep buying bonds; and apparently, some people aren't willing to buy bonds at all or aren't willing to finance our continued astronomic debt. So, even though Chairman Bernanke had assured us in a private meeting that he wasn't doing it, whatever he wants to call it, it sure sounds like monetizing the debt when you print money and buy our own debt, whether you do it directly or buy it from a third party who has just bought our debt.…





