[Congressional Record Volume 155, Number 22 (Wednesday, February 4, 2009)]
[House]
[Page H926]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     STIMULUS AND THE NATIONAL DEBT

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. The national debt will jump by more than $1 trillion in the 
6 months ending in March. $1 trillion dollars in 6 months. Think about 
that. The previous record increase in the national debt was less than 
half this amount, and that was over the course of an entire year, which 
means we are currently racking up debt at four times the rate of the 
previous record. And all of this debt doesn't include the so-called 
stimulus package that the Senate has already porked up to $900 billion. 
It's so full of spending unrelated to job creation that we can't even 
begin to tally the waste.
  We must stop and take stock. With hardly a second thought, the 
Federal Government is careening towards a record $2 trillion deficit--
payable by our children, grandchildren, and great grandchildren. My 
friends, we cannot borrow and spend our way to prosperity.

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