[Congressional Record (Bound Edition), Volume 155 (2009), Part 12]
[House]
[Page 16061]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        ``WE ARE OUT OF MONEY''

  (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, our Government will attempt to borrow $104 
billion just this week, a world record. As Congress accelerates 
spending, Treasury has borrowed $560 billion in January, $707 billion 
in February, $750 billion in March, $665 billion in April, and $773 
billion in May.
  To cover increased borrowing, the Fed is now electronically printing 
money to cover our debts. Their records show they have printed $152.7 
billion to cover our mounting debts.
  We are quickly running out of other people's money. Printing dollars 
electronically will accelerate inflation next year.
  Remember, inflation is the enemy of senior citizens on a fixed 
income. President Obama was right when he said, ``We are out of 
money.'' Our policies here in the Congress should reflect that sober 
assessment.

                          ____________________