Thank you, Congressman West. Tonight we're talking about small business in America, the number one job creator in America. I'm a small businessman. I'm not a career politician. It seems to me that once you come to this place and you're…
Thank you, Congressman West.
Tonight we're talking about small business in America, the number one job creator in America. I'm a small businessman. I'm not a career politician. It seems to me that once you come to this place and you're surrounded by pillars of marble, vast expanses of grass, and glorious monuments, that it seems to kind of cloud your vision from what's really going on back at home. We're seeing businesses right now--they aren't the megacorporations that are often talked about by our colleagues; they are small businesses trying to provide jobs, trying to be able to build a future.
I live in western Colorado. My district encompasses a good portion of the entire State of Colorado, the eighth-largest congressional district in the United States, 54,000 square miles. The number one employer there, small business. Traveling through that district, I found it remarkable. As I have stopped into those small businesses, visited with the owners, sole proprietorships, Sub S corporations, LLCs, people just trying to make a living, as I visited in those communities with county commissioners, with city council members, one message comes through loud and clear: Government is overregulating America. It is hurting our ability to truly be able to get Americans back to work.
Congressman West just mentioned a very important figure. In this country, we are paying $1.75 trillion a year in terms of regulatory cost. That is impeding America's ability to be able to get back to work. Now some of our friends always want to take that to the extreme, saying that we want to eliminate all regulations. It's not the case.
When we go back to the beginning of the 20th century, when we were starting to build cars in this country, in New York City, there were two automobiles, two cars. They ran into each other. So stoplights are not a bad idea. But the government has overreached. It is hurting small business and our opportunity to truly be able to grow America.
Let me tell you a story about a constituent of mine. He started out with nothing. He and his wife invested and they scraped together dollars and worked hard. And over the course of the years, they've been able to build a small car dealership in western Colorado. He called me up the last few days, and he said, Washington simply doesn't get it. They seem to believe that they need money more than we do here at home. And that brings us back to a lot of the conversations which we have been having over these last few days in terms of the debt and the deficit in this country. We currently have a debt in this Nation of $14.3 trillion. Come the end of September, we're going to be adding on another $1.4 trillion on top of that national debt, a crushing burden on the promise of America.
His granddaughter, she isn't old enough really to know how much she owes. But her portion of that national debt is now well in excess of $45,000. If our grandchildren are going to inherit the promise of America, we have to restrain, we have to slow down, we have to reduce the spending in Washington, D.C. We simply can't afford it. The numbers are too high. Our colleagues will tell us that taxes are the answer. They like to call it a balanced approach. We need more of your money because Washington needs it more. They failed to point out that through the bills that they have passed through this Chamber--Congressman West and I, we weren't here. We didn't help create the problem, but we are certainly here to try to help solve the problem.
They increased the debt on the backs of the American people when they passed ObamaCare, the government-run health care. I'm concerned about that because it is hurting jobs in America. That small businessman who started that business from nothing and was able to grow that car dealership is afraid to hire because he doesn't know what the costs are going to be from the government-run health care. Well, we've got a pretty good idea--at least the upfront costs. It's costing us better than $1 trillion. Our senior citizens, indeed, are worried about that. Through the actions of our counterparts, we saw that $562 billion was cut out of Medicare to be able to fund that program. And starting in January this coming year, the President will appoint his 15-member commission to start rationing
health care for senior citizens. We're fighting to stop that.
Connectivity which we see in our economy. Between government regulations, excessive taxation, and having too many people in Washington who have never gotten dirt under their fingernails, they've never met a payroll, they've never created a job, they've never worked in the private sector. That's the disconnect between here and at home. We have people right now that are gathering around their kitchen tables. They are looking at the resources that they have coming in and know that they can't spend more than they take in. Tomorrow morning those small businesses are going to unlock the doors. They know that they have to spend within the limitations of the income that they have.
Forty-nine of our States live under a balanced budget requirement, just like the men and women who live in the communities of those States. Isn't it about time, isn't it about time that Washington applied the same principles that they expect out of every American, every American family, to apply to Washington, D.C.? Some will say ``no.'' But that's a challenge--more importantly, that is the opportunity that we truly face right now in this country. We have an opportunity to change the course of American history for the better, to embrace, once again, the values that truly made this country the freest, the richest, and the greatest nation on the face of the Earth, and that the Earth will truly ever see. American entrepreneurship, American know-how, but we have to have the freedom, the resources, and the opportunity to do that. The government is no longer the steppingstone to success in this country but has, indeed, become a stumbling block.
This is our chance. This is our opportunity. We have many votes here, had a vote today.
This is not the end of the debate, but it is the beginning of a solution. If we embrace that opportunity, that special and unique thing that it is to truly be an American, American exceptionalism, and allow Americans to do what they do best, to innovate, to create and to build, we will be able to get this country back on the right course, but it will not come as long as we continue to build government, protect programs, and forget about the people who sent us to Washington.
Let's stand up once again for the American people, for the small business people who truly make America work and are the number one job creators in our country.