On the recordJune 15, 2010
You know, among the other pieces of legislation that Republicans have sponsored includes reducing our salaries or freezing our salaries, freezing government salaries, reducing spending across the board. There have been Republican proposals, anything from 1 percent to 5 percent to 10 percent. There have been Republican proposals that would take spending, as Mr. Latta referred to earlier, back to 2008 levels or even 2006 levels. You know, we had enough government then. There were not a lot of complaints that, my gosh, we don't have enough government; we need to spend more on government. So we could take spending back to 2006 or 2008 levels, and I don't believe the American people, other than those who have benefited specifically by being employed by those Federal agencies and Federal programs, would notice the absence of that money, and in fact, they'd probably benefit mightily because it would save so much money that interest payments on the debt and the deficit would be reduced, and we would not have to borrow so much money. A couple weeks ago here in Washington, some U.S. Treasuries were issued. They are issued every day that we are working, Monday through Friday. There's a sale of U.S. Treasury bonds because we are going into debt so much we have to sell Treasuries every day. This particular issue was undersubscribed.…





