Boehner Floor Speech Opposing the Dems’ Bill to Increase National Debt Limit by $290 Billion VIDEO

GOP Leader: “The Democratic Majority … has done nothing more than spend, spend, spend, and spend” Washington, Dec 16 -

WASHINGTON, DC – Strongly opposing the Democrats’ legislation to increase the statutory limit on the national debt by $290 billion, House Republican Leader John Boehner (R-OH) delivered the following remarks on the House floor today:

“There’s been a lot of lecturing on the House floor today about fiscal responsibility. Now, I heard a lot about fiscal responsibility in 2005 and 2006 when the then Minority wanted to take the Majority. I think it’s time for everyone in this room to take their fair share of blame for the spending that’s gone on in this town for far too long.

“For 37, 36 of the last 40 years, we’ve spent more than what we’ve taken in. There’s not a household in America that can get by with this. There’s not a company in America that can get by with it. And certainly, this government can’t get by with it. And so for the last three years, the Democratic Majority though, after having run on this mantra of fiscal responsibility, has done nothing more than spend, spend, spend and spend.

“Now, we did our best in 2007 and 2008, to put the brakes on all that spending and succeeded somewhat. But after this year, for you to criticize us about fiscal responsibility and to lecture us about fiscal responsibility, after spending $1 trillion on a ‘stimulus’ bill that was supposed to be about creating jobs, what have we done? We’ve created more unemployment. We’ve not put anyone back to work and we’re asking our kids and grandkids to pay $1 trillion in principal and interest for a bill that’s not doing anything other than increasing spending.

“But you know what? You know what makes this bill that’s on the floor here today to increase the debt limit by $290 billion a real joke? It’s that as soon as this vote is over, we’re going to take up stimulus two, or as we like to call it, ‘son of stimulus.’ We’re going to pick up ‘son of stimulus,’ which is going to spend $150 billion on the same kind of failed spending programs that we passed earlier this year.

“And what are we going to do? We’re going to use that TARP money that those banks and those financial institutions have paid back. Well, where did that money come from? We had to go borrow it. Everybody knows, everybody that voted for or against TARP in this chamber, knows that money was intended to be paid back, to pay down the deficit. And to take that $150 billion and to spend it on more wasteful Washington spending is putting it right on the backs of our kids and grandkids. That’s going to happen right after this vote.

“Who are we kidding? We’re not kidding anybody. I just think it’s time to put the brakes on all of it. Let’s get really serious about cutting spending, and the way we start is by saying no to increasing the debt limit.” #####

TEXT CREDIT: Office of the House Republican Leader
VIDEO CREDIT: JohnBoehner