[Congressional Record Volume 154, Number 112 (Wednesday, July 9, 2008)]
[House]
[Page H6237]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         THE COOPER-WOLF SAFE COMMISSION: A BIPARTISAN SOLUTION

  (Mr. WOLF asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WOLF. Mr. Speaker, Dietrich Bonhoeffer, the German pastor who 
stood up to the Nazis, said, ``The ultimate test of a moral society is 
the kind of world that it leaves to its children.'' And this Congress 
is failing to serve the American people and failing to serve our 
children.
  We have more than $53 trillion in unfunded liabilities and $9 
trillion of debt. China, who violates human rights and religious 
freedom, holds our debt. The Saudis, who fund radical Wahhabism all 
over the world, hold our debt.
  Standard and Poor's Investment Service predicts loss of AAA bond 
rating as early as the year 2012.
  Is this bleak scenario what the 110th Congress wants to leave our 
children and grandchildren? If the ultimate test of a moral society is 
the kind of world it leaves to its children and grandchildren, this 
Congress is failing miserably.
  Congressman Cooper and I have a bill, the SAFE Commission Act that 
has 105 cosponsors, that would put everything on the table, 
entitlements and tax policies, in order to rein in Federal spending. If 
we could come together, both sides of the aisle, we can ensure that our 
children and our grandchildren don't have to worry about the day when 
China and Saudi Arabia decide to call in our debt.

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