[Congressional Record Volume 155, Number 27 (Tuesday, February 10, 2009)]
[House]
[Page H1089]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  WHAT THE AMERICAN PEOPLE SHOULD KNOW

  (Mr. KIRK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIRK. Madam Speaker, the American people should know the $800 
billion stimulus bill is not the only spending bill coming. In 2 weeks, 
we will consider a $410 billion omnibus with 4,000 earmarks in it, 
followed by a $100 billion supplemental. Americans should know that 
these three spending bills will trigger a need to borrow $2.6 trillion 
in just the next few months. That's five times more than the United 
States has ever borrowed.
  Each taxpayer now owes $56,000 on this debt, and after these bills 
pass, you will owe $76,000 each. The cost of this debt will rip the 
cost of a college education from each family.
  Last week I was the first Member of Congress to bother even to visit 
the Bureau of Debt. They will attempt to borrow $2.6 trillion over the 
next few months to try to pay for these three spending bills.

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