Political Quotes

“I thank Vice Chairman Johnson for organizing this Special Order hour tonight and for yielding me time to speak. Mr. Speaker, today, I rise to ring the alarm bell regarding the United States' current financial crisis caused by the Biden administration and Democrats' far-left policies and out-of-control spending. Just last week, the national debt eclipsed $30 trillion. As our national debt balloons, American taxpayers will be left to foot the bill, not only for the billions and trillions of dollars we are spending annually but also on a dramatically increasing cost-- interest on the debt. The Federal Government has continued to kick the can down the road, ignoring the explosive problems caused by our out-of-control spending and greatly diminishing our future generation's quality of life through no fault of their own. What a gutless and inexcusable thing to do. Well, our time is running out, as we expect interest rates to rise in the immediate future. If interest rates rise to just 5.1 percent, as was the case in 2021, American taxpayers would suddenly be burdened with an annual interest payment on the national debt of $1.5 trillion, twice the budget for the Department of Defense, or almost 75 percent of all income taxes collected in fiscal year 2021.…”