Mar 22 2013
U.S. Senator Richard Shelby (R-Ala.), Vice Chairman on the Senate Appropriations Committee today make the following speech addressing the Democrat budget and the fiscal problems that plague our nation:
“I rise today to once again express my concerns about the fiscal problems facing our nation.
“Thus far this year, I have held public meetings in 61 of my state’s 67 counties. Without exception, my constituents’ top concern is our nation’s unsustainable debt and its effect on job creation and economic growth.
“Alabamians know that federal debt currently stands at nearly 17 trillion dollars. Yet they see that the Democrat budget before us does not balance – not in ten years…not ever.
“They know that federal debt has increased by six trillion dollars under President Obama. Yet they see that the Democrat budget proposes to pile on seven trillion more.
“My constituents know that excessive taxes are choking job creation in this country. Yet they see that the Democrat budget calls for 1.5 trillion dollars of new job killing taxes.
“They know that the Democrats’ stimulus package was an abject failure. Yet they see that the Democrat budget provides 100 billion in new stimulus spending.
“My constituents understand that the more we borrow, the more we must pay in interest. Yet they see that under the Democrat budget, we will pay more in interest on the debt – 791 billion – than we will spend on national defense.
“And they know that fiscal reform without entitlement reform is meaningless. Yet they hear no mention of entitlements in the Democrat budget.
“It has been 1,423 days since the Senate passed a budget. My constituents waited that long for this? There is little wonder that trepidation over our nation’s future is so prevalent.
“No dominant power in world history has remained strong with a weak economy. Not the Persians, not the Greeks, not the Romans, not the British – not anyone. Under the Democrat budget, our nation would learn that lesson the hard way.”