Car Payments Without the Car

House Chamber, Washington D.C.
February 23, 2010

M. Speaker:

Two weeks ago, Congress and the President added $1.9 trillion to the national debt limit. That translates to more than $6,000 of additional debt for every man, woman and child in the country more than $24,000 for an average family of four.

Your family is required to repay that debt through future taxes just as surely as if it appeared on your credit card statement.

$24,000 is the price of a new car. Only you dont get the new car only the payments for the new car. What you get instead is another 14 months of deficit spending.

Two thirds of economic growth is consumer-driven, and yet we have just cost every family in America another $24,000 from its future purchasing power.

These policies are not helping the economy theyre hurting it. The American people are coming to understand this. Lets hope its in time to change this congress, change this administration, and save this country.

Category:

News & Politics

Tags:

• deficit spending
• Congress
• President
• debt