each and every day it gets harder and harder to listen to my Republican friends who race to the Senate floor breathlessly telling the American people how concerned they are about the $13 trillion national debt and how we have got to get our financial house in order. They are just very, very upset about that. But, as you know, under the leadership of President George W. Bush, these same Republicans turned a record-breaking Federal surplus left by the Clinton administration into record-breaking deficits. Back then, their rallying cry was ``deficits don't matter,'' articulated by then-Vice President Dick Cheney. This ``deficits don't matter'' philosophy gave us two wars that were not paid for. There are estimates that the war in Iraq alone will end up costing some $3 trillion, unpaid for. They gave us some $700 billion in tax breaks that went to the wealthiest 1 percent. They gave us a $400 billion unpaid for prescription drug program written by the insurance and drug companies. They gave us a $700 billion bailout of Wall Street. But under President Obama, Republicans have seemingly taken a 180-degree turn. Apparently, deficits do matter. Now they say we can't afford to extend unemployment insurance to 2 million Americans who lost their jobs during the worst recession in modern history, and they say we just don't have the money to create millions of new jobs by investing in rebuilding our crumbling infrastructure and transforming our energy system.
Editor's note · Context
Senator Sanders critiques Republican fiscal policies and their inconsistency regarding national debt and unemployment benefits.
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