Yes, Mr. President, We Are Out Of Money

Floor Speech

Mr. FLEMING. Mr. Speaker, in a recent interview with C-SPAN, the President made the very telling statement, ``We are out of money.''

Yes, Mr. President, as of April 27, this country ran out of money. And yet that has not stopped the liberals in this Congress from passing record-setting spending bills. These bills were sold to the American public as necessary to stimulate the economy.

Unemployment insurance claims reached a record high for the 17th consecutive week and unemployment has reached 9.4 percent, which he promised would not happen upon signing this infamous stimulus bill. The $1 trillion spending that was supposed to stem the economic recession was nothing more than the fulfillment of a very liberal political agenda.

Reckless spending, a total disregard for fiscal accountability, and rocketing us into another inflation-debt spiral is not the solution. Now, even Socialist and Communist countries across the world are rebuking us for excessive spending and government takeover of the economy.

Bigger government is never the answer to America's biggest challenges. American individualism, innovation, and ingenuity will, even after 200 years, remain the only way to economic prosperity.

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