On the recordMarch 28, 2012
I thank the chairman for yielding and for his good work on this budget. Thomas Jefferson once wrote: To preserve the independence of the people, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. In this choice of two futures, unfortunately, Congress has all too often chosen the latter path of out-of-control spending and expansion of government power. There is a spending addiction in Washington, D.C., and it has proven to be an addiction that Congress has not controlled on its own. The Nation has gone, in a few short years, from a Federal deficit of billions of dollars to a deficit of trillions of dollars. The government is printing money at an unprecedented pace, which presents significant risks of inflation. Our debt is currently an unfathomable $15.5 trillion and mounting rapidly, as is the waste associated with paying the interest on that debt. Yet Congress has done little to address this crisis. Families all across our Nation understand what it means to make tough decisions each day about what they can and cannot afford. Yet far too often, this fundamental principle has been lost on a Congress that is too busy spending to pay attention to the bottom line. Americans must exercise restraint with their own funds, then government officials must be required to exercise an even higher standard when spending other people's hard-earned money.…





