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Mr. KINGSTON. Madam Speaker, who knew? Who knew that the States were running out of money? Who knew when we were bailing out General Motors, the big banks, Fannie Mae and Freddie Mac? Apparently, the Speaker of the House had no idea there were some problems in the hinterlands. So here we are back in Washington, millions of dollars spent to bring everybody back.
This is governing by reaction, pandering to the political base. Blue State, big-city politics at its worst, taking care of the excesses of governing bodies who are unable or unwilling to make the tough decisions that smaller States, small businesses, and American families have to make every day.
And we hear over and over again this is paid for. I got news for you. If you have a huge debt on your American Express card and you transfer it to your Visa card, you haven't paid for anything. Forty-one cents on the dollar that we spend is borrowed money. The food stamps program, which the Democrats are cutting, the renewable energy program, which the Democrats are cutting, and you could even argue the job-killing tax increase that they are about to pass, that's all on borrowed money. Forty-one cents on the dollar is borrowed in our country today under the Democrat leadership.
Now, we could be up here looking at Medicare and Social Security. The trustees report just came back and said that they are both going broke. And I would think that's what would be worth coming back to Washington for anytime. We should fight to fix Social Security and Medicare. But instead, it's another bailout and another promise of governmental utopia. If we just bail out this one last group, jobs will return, the deficit will be balanced, and there will be peace from sea to shining sea. It's just not going to work.
This is a bailout Congress. It's government by bailout, it's government by borrowed money, and our children's children will be paying for this.
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