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Congressman Mo Brooks

Representing the 5th District of Alabama

Mo Brooks Implores Colleagues to Reject Irresponsible Spending

February 8, 2018
Press Release

Washington, DC – Congressman Mo Brooks (AL-05) this morning delivered a House floor speech imploring his colleagues to reject the irresponsible debt junkie spending bill for the sake of America’s solvency and sustainable national defense.

The video clip is available HERE.

The transcript of the one-minute floor speech follows:

Mr. Speaker, Congress faces a debt junkie spending bill that risks an American bankruptcy that threatens the dissolution of our military.

That is why a past Chairman of the Joint Chiefs of Staff and current Secretary of Defense have both identified America’s debt as our greatest national security threat.

America must learn from Puerto Rico, which suffered a debt default in 2016 that destroyed its economy [1] and forced it to fire public-sector workers, [2] raise sales taxes to a record 11.5%, [3] and close over 100 schools. [4]

Worse yet, Puerto Rico’s insolvency meant it lacked the resources to protect itself from known hurricane risks like that of Hurricane Maria.

Mr. Speaker, debt junkies care not one twit about America’s bankruptcy risk. I do. That is why today I will vote against their financially irresponsible spending bill that will likely trigger a trillion dollar deficit this year.

[1] Puerto Rico suffers an anemic economy and shrinking job market. https://www.economy.com/getlocal?q=bfb7b3b7-8f0d-44b9-8399-16e6271fd36c&app=eccafile;  Only about 40% of Puerto Ricans are employed or looking for work http://www.gdbpr.com/documents/PuertoRicoAWayForward.pdf.

[2] http://www.mcvpr.com/media/news/400_PuertoRicoFiscalandEconomicGrowthPlan9.9.15.pdf

[3] http://www.mcvpr.com/media/news/400_PuertoRicoFiscalandEconomicGrowthPlan9.9.15.pdf

[4] http://www.mcvpr.com/media/news/400_PuertoRicoFiscalandEconomicGrowthPlan9.9.15.pdf

 

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