February, 28, 2009 - WASHINGTON, DC - Senator Richard Burr (R-NC), delivers the Weekly Republican Address on government spending and Obama's proposed budget. Senator Burr describes how this government spending will affect the wallets of the American people. An excerpt from the address is below.
This week, the president submitted to Congress the single largest increase in federal spending in the history of the United States, while driving the deficit to levels that were once thought impossible. If we just look at what our debt spending will cost us in interest payments alone, we are talking about 4 trillion dollars over the next 10 years, more than a billion dollars of interest payments every day. Think of that 4 trillion as a finance charge on your credit card bill you have to pay, but you get nothing for it in return. This finance charge obligates more than $52,000 for every family in America over the same 10 year period."
END GOP RULE. NOTHING BUT THE RICH MANS LAP DOG.
rickbar123 1 year ago
i agree
darkcrow1278 2 years ago