It really never gets old...
Date: March 16, 2006
Place: Senate Floor
Speech:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.
Fast forward to today, when the same senator, now president, is openly threatening with using a veto to impose his will on raising the debt ceiling over that of what, at least according to the Congress, is still the majority of Americans.
So much changes in 6 years indeed...
the government needs to stop giving our money to other countries.
ReplyDeleteobama doesn't know what he said yesterday. He's the epitome of an affirmative action dipcrap. He should be down on his knees thanking God everyday that his supporters have a lower IQ than he does.
ReplyDeleteHe a jealous angry abomination who has never done a thing productive in his miserable life.
Jealous angry abomination???? Looks like you have just described yourself 2:06.
ReplyDelete2:22 get off the couch, get a job and stop looking for hand outs. Obama is a failure, like you.
ReplyDeleteJealous 222? Don't kid yourself. He is nothing to be jealous of. Doesn't even know who his father is, ashamed to show his school records, has no morals or principles and craves attention. Not my kind of person at all nor would he ever be welcome in my circles where our privacy is paramount and showing off is considered gauche.
ReplyDeleteThe Obama's much to their chagrin were even snubbed an invite at the last royal wedding. The Royals don't even want to breath the same air as they do and for good reason-No class and common.
2:22 get off the couch, get a job and stop looking for hand outs. Obama is a failure, like you.
ReplyDeleteDecember 7, 2012 4:11 PM
Wow, harsh words. Do you know this guy personally or are you peeking into his windows?
Oh I know. You hijacked his camera and are looking at him that way, right?