[Congressional Record Volume 157, Number 111 (Friday, July 22, 2011)]
[House]
[Page H5378]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  0910
                         AN EQUITABLE SOLUTION

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. In December the President caved to the Republicans and 
extended all the Bush tax cuts, immediately increasing this year's 
deficit by $400 billion and the 10-year deficit by $4 trillion, 
precipitating the great debt and deficit crisis.
  Now we're hearing from the press today that the President is 
preparing yet another great cave. Instead of saying we will have some 
revenues to solve this problem, he is apparently about to cut a deal 
that will be all cuts.
  So it's ironic. He cuts taxes to create a crisis, and then we cut 
spending to protect the tax cuts because tax cuts create jobs, except 
they haven't created jobs, but we've got to continue to protect them. 
It's all very, very sad.
  If we get rid of all the Bush tax cuts--$4 trillion--no cuts in 
Social Security, no cuts in Medicare, no cuts in veterans benefits, and 
$4 trillion less in deficits, now, that would be an equitable solution.

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