Reclaiming Our Fiscal Future

Floor Speech

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Mr. BABIN. Madam Speaker, I thank my good friend from Oklahoma for having this Special Order tonight.

Madam Speaker, my message tonight is simple. We are more than $28 trillion in debt and sinking fast. If we don't make drastic changes to the way we govern, we won't have a country left to govern.

In 2011, former chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, famously proclaimed that the national debt is the single greatest risk to our Nation.

When I was elected in 2014, 7 years ago, the national debt was $18 trillion. In just 7 years, Madam Speaker, we have increased the debt by more than $10 trillion. In fact, we have spent more in the last year than the annual economic production of every single country in the world, with the exception of our own, China, and India.

Shockingly, President Biden's only idea of how to deal with our rapidly increasing debt is to spend $6 trillion more. The President and my colleagues across the aisle throw the word trillion around like it is nothing. It is hard to contemplate the magnitude of a trillion, but think about this: one trillion seconds is around 32,000 years. Let that sink in.

The left's out of control spending and blatant disregard for our future must absolutely be stopped. Our failure to do so will undoubtedly lead us down the road to economic ruin, which is exactly why the Republican Study Committee's, the RSC's balanced budget is our best chance at reclaiming our fiscal future.

Madam Speaker, I am incredibly proud that one of my bills, the State and Local Pensions Accountability and Security Act, which prohibits the unelected bureaucrats at the Treasury Department or the Federal Reserve from bailing out irresponsible State or local government pension systems was included in the RSC's final budget proposal.

So let's eliminate the deficit and let's balance the budget in the next 5 years, as this does. Let's cut spending by $14.4 trillion over the next decade, and reduce taxes by $1.9 trillion, and get our country back on the right track, and that is exactly what this budget proposal does.

To quote my colleague from Alabama, Congressman Mo Brooks, he says, ``Great nations weaken from within before they fall from without.'' Our future generations are counting on us to get this done.

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