[Congressional Record Volume 155, Number 157 (Tuesday, October 27, 2009)]
[Extensions of Remarks]
[Page E2643]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                  THE COOPER-WOLF SAFE COMMISSION BILL

                                 ______
                                 

                           HON. FRANK R. WOLF

                              of virginia

                    in the house of representatives

                       Tuesday, October 27, 2009

  Mr. WOLF. Madam Speaker, the national unemployment rate is 9.8 
percent with nearly half of the states reporting increases in the month 
of September. And it is growing--it could reach 10 percent.
  The national debt is approaching $12 trillion, and the `09 fiscal 
year registered a staggering $1.4 trillion in red ink. Meanwhile the 
House is expected to consider a health insurance reform package with a 
price tag nearing $900 billion, with a Government run public option.
  America is going broke.
  We have watched the dollar slide--recently reaching a 14-month low 
against all other major currencies--which if not addressed this could 
lead to even higher consumer prices.
  We can't spend our way out of this mess, and it won't magically get 
better without action from Congress.
  The country is in trouble and it's time to stop the bleeding.
  The action that will lead to a solution is the bipartisan commission 
Jim Cooper and I have proposed with every spending program on the table 
with tax policy. Over 75 members of the House support this idea.
  Senate Budget Chairman Kent Conrad and ranking member Gregg have 
similar legislation in the Senate. So do Senators Voinovich and 
Lieberman.
  The Cooper-Wolf SAFE Commission bill is an opportunity to create a 
renaissance in this country for our children and our grandchildren.

                          ____________________