On the recordNovember 18, 2011
This was not the version that I supported. I wanted a version that had spending caps linked to GDP. But as this week we passed the $15 trillion debt mark, I thought it was important that this House come together and figure out a way to control the spending. If you look at our recent history, this House conference on the GOP side passed a budget this year that brought our country to balance. And all the Democrats across the aisle--not all--most of them voted no. They were offered a counterproposal that could bring our budget to balance. The Democrats in the Senate haven't proposed a budget in 900 days. We need to be serious about this debt. And, today, as we are $15 trillion in debt and we have historic interest rate lows, let's look out 10 years, when the debt is $25 trillion and we go from historic low interest rates to historic norms. If we can't balance the budget today, is it going to be easier 10 years from now when it's $25 trillion and we have more people on Social Security and Medicare? My friends across the aisle like to pull up Social Security, Medicare, and the needy. And do you know what? I care about those constituents in my district as well. But we have to be honest about what we're doing. We are borrowing this money from China. We have given them an economic nuclear bomb. We are bankrupting this country and jeopardizing the freedom of our next generation.…





