[Congressional Record Volume 157, Number 119 (Monday, August 1, 2011)]
[House]
[Page H5818]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             CRISIS OF DEBT

  (Mr. WALBERG asked and was given permission to address the House for 
1 minute.)
  Mr. WALBERG. Mr. Speaker, we are in the midst of a crisis. It's not a 
crisis of a debt ceiling. It's a crisis of debt, of Washington spending 
too much, not taxing or borrowing too little. The problem isn't the 
debt ceiling; it's the debt. We can no longer continue to commit 
generational theft by our uncontrolled spending habits to our children 
and grandchildren.
  Luckily, the Congress has made significant progress in the first six 
budget bills in cutting real spending for this upcoming fiscal year. 
And House Republicans have fundamentally changed the debate in 
Washington. We are no longer talking about job-killing tax increases. 
We're talking about spending cuts and long-term spending reform--our 
goals from day one.
  It's time for President Obama and the Senate Democrats to join us in 
our efforts to control spending before time runs out. We must solve 
this crisis to encourage job creation and return America to its 
greatness. America's great people are ready.

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