When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren't going to keep on giving us cheap rates.
The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as "deficits as far as the eye can see." But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?
The American people do not like privatization. They are afraid of the debt the president's willing to do. And they don't like benefit cuts. And everyone here should understand all 45 Senate Democrats are united. We are not going to let this happen.
And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.
Our nation owes a debt of gratitude to the 9/11 Commission members for their valuable service and important recommendations to improve homeland security.
I think that when we look out with our underfunded liabilities and our national debt over $14 trillion, I think if we are part of that movement to get our government spending under control, I think that would be a tremendous legacy to leave.
The Nobel Prize, so long regarded in our science as the highest reward a man's work can earn, must bring to its recipient a most solemn sense of his debt to his fellow scientists and those of the past.
Many students graduate from college and professional schools, including those of social work, nursing, medicine, teaching and law, with crushing debt burdens.
