|00:00:00||THANK THE GENTLEMAN.|
|00:00:01||MR. SPEAKER, I HAVE LISTENED CAREFULLY TO THE DEBATE TODAY AND LISTENING TO THE OTHER SIDE.|
|00:00:08||MR. SPEAKER, THIS BODY IS HOPELESSLY ADDICTED TO EXCESSIVE SPENDING AND BUDGET DEFICITS.|
|00:00:16||HOPELESSLY. AND THE OTHER SIDE THOSE WHO ARGUE THAT WE SHOULD NOT HAVE A BALANCED BUDGET AMENDMENT ARE HOPELESSLY IN DENIAL, JUST LIKE A DRUG ADDICT IS IN DENIAL ABOUT THEIR ADDICTION.|
|00:00:28||WE HAVE 535 MEMBERS.|
|00:00:30||IF YOU INCLUDE THE SENATE, THAT COMPETE WITH ONE ANOTHER TO SEE HOW MUCH MONEY WE CAN SPEND.|
|00:00:37||WE HAVE AN EXECUTIVE BRANCH THAT DOES THE SAME.|
|00:00:39||REPUBLICAN OR DEMOCRAT, DOESN'T MATTER.|
|00:00:41||WE ALL DO THE SAME THING.|
|00:00:44||THERE'S ABSOLUTELY NO CONTROL OR GOVERNOR, IF YOU WILL, ON OUR EXCESSIVE SPENDING.|
|00:00:50||AND LET'S PUT THIS IN PERSPECTIVE.|
|00:00:55||IN THE 235 YEARS SINCE THE FOUNDING OF THIS GREAT COUNTRY, WE HAVE ADDED $10.|
|00:01:00||6 TRILLION TO THE NATIONAL DEBT.|
|00:01:04||IN 2 1/2 YEARS OF THIS PRESIDENCY, WE HAVE INCREASED THAT BY 50%.|
|00:01:11||AN ADDITION OF $5 TRILLION.|
|00:01:12||WE JUST PASSED THE $15 TRILLION DEBT LEVEL.|
|00:01:18||SPEAKER, AT THE CURRENT RATE, THIS IS NOT JUST A PROJECTION, THIS IS SET IN STONE BY THE END OF THE FIRST TERM OF THIS PRESIDENT, PRESIDENT OBAMA, WE WILL HAVE INCREASED THE NATIONAL DEBT BY 70% JUST IN THAT ONE TERM, FOUR YEARS.|
|00:01:36||MR. SPEAKER, WE CANNOT DO THIS BASED ON OUR WILLINGNESS TO BALANCE THE BUDGET.|
|00:01:42||WE ARE INCAPABLE OF DOING THAT.|
|00:01:44||WE ARE ADDICTED TO SPENDING.|
|00:01:47||WE ARE IN DENIAL ABOUT THIS.|
|00:01:48||AND IT'S TIME THAT WE DO SOMETHING.|
|00:01:52||I STAND IN SUPPORT OF H.|
|00:01:55||J.RES. 2, THE BALANCED BUDGET AMENDMENT TO THE CONSTITUTION OF THE UNITED STATES.|
|00:01:59||FRANKLY I WOULD LIKE TO SEE A MORE RESTRICTIVE FORM.|
|00:02:02||A MORE SEVERE FORM THAT CONTROLLED THE POSSIBILITY OF ADDED TAXES.|
|00:02:10||I WILL VOTE FOR THIS AND JUST IN CLOSING I WOULD LIKE TO SAY THAT IT DOES SOME WONDERFUL THINGS.|
|00:02:16||IT PROHIBITS A DEBT INCREASE WITH A 3/4 VOTE.|
|00:02:21||IT REQUIRES THE PRESIDENT TO SUBMIT A BALANCED BUDGET EACH YEAR.|
Mr. FLEMING. I thank the gentleman for yielding.
I've listened carefully to the debate today, and I've listened to the other side.
Mr. Speaker, this body is hopelessly addicted to excessive spending and budget deficits--hopelessly. On the other side, those who argue that we should not have a balanced budget [Page: H7847] amendment are hopelessly in denial, just like drug addicts are in denial about their addictions. We have 535 Members, if you include the Senate, who compete with one another to see how much money we can spend, and we have an executive branch that does the same. Republican or Democrat--it doesn't matter--we all do the same thing. There is absolutely no control--or governor, if you will--on our excessive spending.
Let's put this in perspective.
In the 235 years since the founding of this great country, we have added $10.6 trillion to the national debt. In the 2 1/2 years of this Presidency, we have increased that by 50 percent, an addition of $5 trillion. We just passed the $15 trillion debt level. At the current rate--and this is not just a projection; this is set in stone--by the end of the first term of President Obama's, we will have increased the national debt by 70 percent. This is just in that one term of 4 years.
Mr. Speaker, we cannot do this based on our willingness to balance the budget. We are incapable of doing that. We are addicted to spending. We are in denial about this, and it's time that we do something. I stand in support of H.J. Res. 2, a balanced budget amendment to the Constitution of the United States. Frankly, I would like to see a more restrictive form, a more severe form that controls the possibility of added taxes, but I will vote for this.