Thomas Massie Slams The GOP Reconciliation Bill: ‘We’re Not Rearranging Deck Chairs On The Titanic’

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On Thursday, Rep. Thomas Massie (R-KY) spoke on the House floor about the big, beautiful reconciliation bill, which ultimately passed early that morning.

Transcript

00:00I'd love to stand here and tell the American people, we can cut your taxes and we can increase

00:08spending and everything's going to be just fine.

00:10But I can't do that because I'm here to deliver a dose of reality.

00:15This bill dramatically increases deficits in the near term, but promises our government

00:20will be fiscally responsible five years from now.

00:23Where have we heard that before?

00:25How do you bind a future Congress to these promises?

00:28This bill is a debt bomb ticking.

00:30Congress can do funny math, fantasy math, if it wants, but bond investors don't.

00:37And this week they sent us a message.

00:39Moody's downgraded our credit rating and the bond investors who buy our debt and finance

00:45our debt demanded higher interest rates on the 10-year note, the 20-year note, and the

00:5030-year note.

00:52What does this mean?

00:53Very soon the government will be paying $16,000 of interest, interest alone per U.S.

00:58family.

00:59And what are we telling them?

01:02Instead of taking care of that problem, we're going to give you a $1,600 tax break.

01:08Under the taxing and spending levels in this bill, we're going to rack up, the authors say,

01:13$20 trillion of new debt over the next 10 years.

01:17I'm telling you it's closer to $30 trillion of new debt in the next 10 years.

01:21Mr. Speaker, we're not rearranging deck chairs on the Titanic tonight.

01:27We're putting coal in the boiler and setting a course for the iceberg.

01:32If something is beautiful, you don't do it after midnight.

01:41I oppose this bill.

01:42I yield back.

01:43I yield back.

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Transcript

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