[Congressional Record Volume 165, Number 187 (Thursday, November 21, 2019)]
[House]
[Pages H9155-H9156]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
OUR FEDERAL FISCAL HOUSE IS OUT OF ORDER
(Mr. CASE asked and was given permission to address the House for 1
[[Page H9156]]
minute and to revise and extend his remarks.)
Mr. CASE. Madam Speaker, can anyone seriously dispute that our
Federal fiscal house is seriously out of order?
Our national debt stands at $23 trillion, doubling in just the last
decade alone. No end is in sight, as we just registered $1 trillion
annual deficit in the last fiscal year, and this fiscal year looks the
same or worse. Interest payments alone will exceed defense spending by
2025.
We need look no further than into the mirror for the root cause. It
is our collective inability to face the music of fiscal responsibility
and sustainability. We clearly need help.
H.R. 5211, the Sustainable Budget Act, cointroduced today with my
colleague from Arkansas, the ranking member of the Budget Committee,
Mr. Womack, would follow the models of Simpson-Bowles and other such
independent commissions charged with focusing on our debt and
recommending a sustainable path forward for an up-or-down vote by
Congress.
In that, our bill is similar to other measures I have also
cointroduced: H.R. 4907, the TRUST Act, with Representatives Gallagher
and McAdams; and H.R. 5178, the RAFT Act, with Representative Burchett.
Together, they offer a far better way forward to tackling our debt
crisis, and I urge their prompt consideration and passage.
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