On the recordJanuary 13, 2009
this summer, spring, we sent Americans a stimulus check to help stimulate the economy. We actually gave them some money. We had already spent the money that they had given us for taxes, and so we went and borrowed some money and sent that money to the American people to let them try to stimulate our economy. Evidently that didn't work as well as a lot of people thought it would, and so now there is a movement to spend much more, larger amount, triple, quadruple the amount of money that was spent this spring. Guess what? We don't have the money, and so we are going to go and borrow it. So what we are on is this system of tax, spend, borrow. Tax, spend, borrow. It isn't working. The American people know that that's not the right prescription for getting us out of this economic slump. Yet that is the plan that will be brought before this body possibly this week. This is going to be a big week for your children and grandchildren. We are going to have a $350 billion second half of the stimulus or the bailout program, and now we are talking about nearly $1 trillion in new spending for a stimulus package, $1.3 trillion.
Source
govinfo.gov




