[Congressional Record Volume 158, Number 159 (Tuesday, December 11, 2012)]
[House]
[Pages H6684-H6685]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TACKLING OUR OUT-OF-CONTROL SPENDING
(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, on Sunday, the President
and House Speaker Boehner met to discuss the impending fiscal cliff.
The next
[[Page H6685]]
day, the President jetted off to Michigan to campaign for tax
increases, instead of staying in Washington to work on a possible plan.
With a national debt of over $16 trillion, Washington's out-of-
control spending is placing our national security at risk. Clearly,
spending is the threat, with an increase of 93.5 percent over 10 years
and revenues increased only 15.7 percent. Raising taxes on the American
economy will destroy jobs.
Reports have indicated that raising taxes on the top 2 percent will
generate up to $80 billion a year. This amount of money covers less
than 10 percent of our Nation's annual deficits. It's my hope that the
President will address the fiscal cliff to work with House Republicans
to promote small business job growth.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
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