“This coming month and every month to come, more or less, this government will spend $300 billion a month. That’s a lot of money. It’s more than any government has ever spent in the history of man,” Florida’s Republican Sen. Marco Rubio said in a closing speech on the floor of the U.S. Senate, before August recess.
The speech came at the end of the Treasury-declared Aug. 2 deadline debt-ceiling debate in the Senate and helped put the whole fight in some context.
“$180 billion of that $300 billion is money that we collect from the people of our country through taxes and fees and other ways,” Rubio, a freshman senator, continued. “But we borrow $120 billion a month to pay our $300...READ MORE