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Public Statements

Don't Fall for these Accounting Tricks

Floor Speech

Location: Washington, DC

Mr. BROUN of Georgia. Mr. Speaker, in the midst of all the talk about raising the debt ceiling, I don't hear anyone talking about the most important factor in this equation, our unsustainable National debt. Everyone is focused on raising the debt ceiling, but if we truly want to get our economy back on its feet, we need to begin paying off the debt that President Obama and his predecessors have created.

It's obvious that our Democrat leaders in the White House and the Senate care more about making campaign speeches than about the livelihoods of the American people. Liberals want to raise taxes, but of course not until after the elections. And they want to sham us with talks about future cuts that we will never see materialize. It's like one big Ponzi scheme, and they're trying to get the American people to buy into it.

We need spending cuts now, and we need to pay down our outrageous debt. I urge both my colleagues and the American people not to fall for these accounting tricks.

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