|2:55 PM EST||
Jeb Hensarling, R-TX 5th
Mr. HENSARLING. Madam Speaker, never in history have so few acted so fast to indebt so many. Since the Democrats have taken control of Congress, this is the fifth time that they have come here to raise the debt ceiling--today, $290 billion more.
Under their watch, the national debt has increased $3.4 trillion, or almost $30,000 for every household in America. Under their fiscal policies, we now have a $1.4 trillion deficit, our Nation's first. They passed a budget that will triple the national debt in just 10 years, and they are causing us to borrow 40 cents on the dollar from the Chinese and send the bill to our children and grandchildren.
Now, when Republicans controlled this body and the deficit was $300 billion and falling, the now-majority leader said, ``That's fiscal child abuse,'' and the now-Speaker called it ``immoral.'' And now under their watch it's five times greater, and all we hear is a chorus of ``que sera, sera.''
It's Christmastime, and the Democrats give us $290 billion more of debt. Merry Christmas.