Sen. Lee warns ‘reckless government spending is finally catching up with us’
Utah | July 16, 2021
Editor’s note: Sen. Mike Lee (R-Utah) took to the Senate Floor this week delivering a sobering speech explaining to Americans what is really going on with Washington’s out-of-control spending and the impact it is having on Americans. We are printing his speech in its entirety and hope you will share it with others to help educate them about what is at stake.
For far too long, the federal government’s simply been spending and borrowing far more money than it should. It’s been borrowing and spending money that it doesn’t have. For individuals, for businesses, even for states and local governments this kind of conduct is not just inadvisable.
Sure, people can get away with that for a short period of time but the laws of mathematics very quickly catch up with them and so they they can’t do it. But the federal government is unique in this regard. There’s something about the size of the U.S. economy, coupled with the status of the dollar as the world’s reserve currency. It’s a combination of factors that has given the federal government this ability that’s somewhat unique you see because it has access to essentially what amounts to a printing press in Washington, DC that prints out more and more money with reckless abandon. So the federal government just spends more money as if the laws of mathematics did not apply…
(Excerpts from The Daily Torch)