[Congressional Record (Bound Edition), Volume 155 (2009), Part 7]
[House]
[Page 9149]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
                         THE VOTE ON THE BUDGET

  (Mr. KIRK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIRK. Mr. Speaker, we will vote on a budget this week, we will 
discuss spending and taxing, but we will not discuss how our kids will 
eventually pay these debts.
  The Bureau of the Public Debt will now undertake a massive borrowing 
campaign. We used to borrow from about 45 major lenders, but that has 
now dropped to 16. Our biggest lender used to be China, but they are 
now reducing.
  To fund the stimulus, the Bureau tells the Congress that we have to 
borrow at a rate of $160 billion a week. And, last month Germany and 
the United Kingdom both failed to auction their debt because no one 
wanted to lend these governments more money. Each week, at four 
auctions a week, the United States will now risk the same fate.
  What happens when this Congress runs out of other people's money?

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