[Congressional Record Volume 158, Number 153 (Monday, December 3, 2012)]
[House]
[Page H6580]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ENTITLEMENT REFORMS MUST BE ADDRESSED
(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, over the next 29 days, the
President has a huge responsibility to work together with Congress and
find a solution to avert the fiscal cliff. With over $16 trillion in
debt, our Nation is at a crossroads. We must rein in our out-of-control
spending by addressing entitlement reform, a driving force that is
jeopardizing our long-term fiscal security.
According to a recent blog post from The Heritage Foundation:
Social Security, Medicare, and Medicaid are on auto pilot.
It's not even subject to the regular budget process. Spending
on just those three programs will jump from 10.4 percent of
gross domestic product (GDP) in 2012 to 18.2 percent in 2048,
meaning it will require every single cent of Federal taxes
collected.
Because of this fact, we must reform entitlement programs to protect
current participants and to ensure that future generations will
benefit, rather than inherit more debt caused by out-of-control
spending. It is my hope that the President will reconsider his recent
proposal and work with Republicans to save America's entitlement
systems, which are a vital safety net.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
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