[Congressional Record Volume 157, Number 53 (Tuesday, April 12, 2011)]
[House]
[Pages H2580-H2581]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      SPENDING-DRIVEN DEBT CRISIS

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, $14.4 trillion, that's the approximate size of 
our Nation's economy; $14.2 trillion, that's the size of our Nation's 
debt--a record high and growing. Soon our debt will surpass our 
economy. Let's be clear: No nation that deep in the red can lead as it 
must or go on living as it wishes for very much longer.
  Our spending-driven debt crisis is adding serious uncertainty to our 
economy, which is preventing businesses

[[Page H2581]]

from expanding, innovating, and creating jobs. Admiral Mike Mullen, the 
Chairman of the Joint Chiefs of Staff, has rightly called our debt 
``the single greatest threat to our national security.''
  If we want to bring confidence back to our economy, jobs back to our 
citizens and hope back to our children's future, we have to stop 
spending money that we don't have. It is time for the Senate Democrats 
to stand up and join this fight.

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