|3:49 PM EST||
John A. Boehner, R-OH 8th
Mr. BOEHNER. My colleagues, there's been a lot of lecturing on the House floor today from my Democrat colleagues about fiscal responsibility. And I heard a lot of about fiscal responsibility in 2005 and 2006 when the then-minority wanted to take the majority.
I think it's time for everyone in this room to take their fair share of blame for the spending that's gone on in this town for far too long. For 36 of the last 40 years, we've spent more than what we've taken in. There's not a household in America that could get by with this. There's not a company in America that could get by with it. And certainly, this government can't get by with it.
For the last 3 years, the Democrat majority, though, after having run on this mantra of fiscal responsibility, has done nothing more than spend, spend, spend and spend. Now, we did our best in 2007 and 2008 to put the brakes on all that spending, and succeeded somewhat. But after this year, for you to criticize us about fiscal responsibility and to lecture us about fiscal responsibility after spending $1 trillion on a stimulus bill that was supposed to be about creating jobs, and what have we
done? We've created more unemployment. We've not put anyone back to work. And we're asking our kids and grandkids to pay $1 trillion in principal and interest for a bill that's not doing anything other than increasing spending.
But what makes this bill that's on the floor here today to increase the debt limit by $290 billion a real joke is that as soon as this vote is over, we're going to take up Stimulus II or, as we like to call it, Son of Stimulus. We're going to take up Son of Stimulus, which is going to spend $150 billion on the same kind of failed spending programs that we passed earlier this year.
And what are we going to do? We're going to use that TARP money that those banks and those financial institutions have paid back. Well, where'd that money come from? We had to go borrow it. Everybody knows, everybody that voted for or against TARP in this Chamber, knows that money was intended to go to pay down the deficit. And to take that $150 billion and spend it on more wasteful Washington spending is putting it right on the backs of our kids and grandkids. That's going to happen right after
Who are we kidding? We're not kidding anybody. I just think it's time to put the brakes on all of it. Let's get really serious about cutting spending. And the way we start is by saying no to increasing the debt limit.