U.S. Senator Richard Shelby said the country's budget deficit is at $14 trillion and he expects it to grow to $20 trillion in the next years.
"I'm afraid that other nations are going to begin doubting the worthiness of this country," the Republican from Alabama said on a visit to Phenix City Monday.
Talking about the debt, he said, "They are going to wonder if we can ever pay them back. They won't buy our bonds."
Shelby said that this country needs to get back on its feet economically and that the U.S. "can't borrow its way to prosperity."
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He emphasized that he is against business bailouts of any kind. "There is no business too big to fail," he said.