[Congressional Record Volume 157, Number 108 (Tuesday, July 19, 2011)]
[House]
[Page H5167]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1210
CUT, CAP, AND BALANCE
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, today we will have the
opportunity to vote for a solution on the impending debt ceiling issue
in Washington. The Cut, Cap, and Balance Act of 2011 will cut $111
billion of spending next year; it will cap the total Federal spending
for the next 10 years; and, finally, it will require the passage of a
balanced budget amendment before raising the national debt limit.
This year the Federal Government will spend twice the amount it spent
just 10 years ago. The government has a spending problem. It is not a
lack of revenue, and it must be addressed to protect senior citizens.
Where are the liberals' plans? It's been over 800 days since the
liberals passed a budget in the Senate.
The President's failed plan does not cut spending. Instead, it just
raises taxes in a recession, killing jobs.
I hope both parties can come together to enact the Cut, Cap, and
Balance Act, which I am grateful to have cosponsored to benefit the
young people of our country.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
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