On the recordMarch 28, 2012
I yield myself such time as I may consume. Mr. Chairman, I stand in opposition to this budget. I am proud of the fact that we are actually debating a budget; for you see, you look over to the other body, you look to the United States Senate, and you'll see it's been more than 1,050 days, an exceptional amount of time--years, in fact--since the United States Senate has actually discussed a budget. And here we are debating a budget. There's a contrast in vision. There's a contrast in priorities, but we're debating this. On some issues, there is some common ground; but on other things, there is a divergence in our approach. This budget that's being presented here as an amendment raises taxes by more than $6 trillion. Mr. Chairman, let me put in context what $1 trillion is. If you spent $1 million a day every day, it would take you almost 3,000 years to get to $1 trillion. So what we have to have is a realization of the fiscal woes that we face ourselves. I didn't create this mess, but I am here to help clean it up. The reality is we cannot face tens of trillions of dollars in debt because there's a consequence of that. The consequence of this massive debt: rising interest rates, devaluation of the dollar. There's so many things. Inflation as you throw more money into the marketplace. Imagine what this world would be like if we didn't have what will be, at the end of this year, nearly $16 trillion in debt.…





