On the recordFebruary 28, 2023
I once again point out that we spend approximately $600 billion a year in interest payments, yet we do not count the cost of what the debt servicing will cost in anything we do. Now, that is, in short order, expected to eclipse our military spending, which is our number one constitutional priority for our Federal spending. Whatever we want to do up here, if we do not begin to count the real cost of what we are doing, we will be off. Right now, we are having to deal with a debt ceiling issue, because the previous Congress decided to spend without considering the cost of what it was going to take and to push us toward the limit. We are cognizant of the fact that we are spending. We are going to monitor our spending in a way that we leave a better country for our kids and our grandkids, and this is part of making sure that we are actually counting the real cost of what we are doing as we take each step. Madam Chair, I yield 1 minute to the gentleman from Kentucky (Mr. Comer), the distinguished chair of the Oversight Committee.
