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Alabama Congressman Mo Brooks continued his series of House floor speeches highlighting “bad example” countries who are reaping the consequences of financially irresponsible leadership, and again called on America to balance the budget before it is too late.
In today’s address, Rep. Brooks assessed Venezuela’s “out-of-control spending financed by more borrowing and higher debt – the same temptation Washington politicians have succumbed to for decades,” and their resulting economic collapse.
Brooks stated, “Mr. Speaker, America has led the world culturally, scientifically, militarily, in freedom, and in many other ways. But if America does not stop its overspending and binge borrowing, then we are doomed to follow the footsteps of countries that chose to be financially irresponsible, and are condemned to suffer the same dire consequences.
America need not speculate on our fate; rather, America must learn from ‘bad example’ countries such as Venezuela, a socialist country that has already walked the financially irresponsible path America unfortunately is on.”
Brooks continued, “The IMF (International Monetary Fund) reports Venezuela is experiencing ‘widespread shortages of essential goods—including food—exacting a tragic toll.’ Grocery stores have rows and rows of empty shelves. Venezuelans can’t find food to feed their families and form long lines outside of stores, hoping to buy whatever is in stock, from sugar to shampoo . . . . Inflation and food shortages are only the tip of the iceberg.
When supplies run out, when jobs can’t be found, violence erupts. In just one month in 2014, violent street riots killed 43 Venezuelans, blocking citizens from accessing food, transportation, and medical services. Occupied buildings were torched, injuring hundreds.”
Brooks concluded, “Mr. Speaker, time is running out. Washington must balance the budget before America’s debt burden spirals out of control. America cannot wait until our financial crisis is lost and it is too late to prevent the debilitating insolvency and bankruptcy that await us.”
Congressman Brooks always welcomes your comments - click HERE to contact him
