[Congressional Record Volume 167, Number 184 (Wednesday, October 20, 2021)]
[House]
[Page H5688]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  AMERICA HAS SERIOUS FISCAL PROBLEMS

  (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, the September 21 Post and 
Courier of Charleston, South Carolina, editorialized an analysis of the 
irresponsible Biden tax-and-borrow schemes destroying jobs.

       What would you call a neighbor who spent lavishly to 
     redecorate his house but ignored the badly leaking roof? 
     Perhaps foolish, irrational, or just plain dumb.
       Now, what would you call a Congress seemingly bent on 
     enacting costly new middle-class entitlements while existing 
     programs are headed for devastating benefit cuts? Some of 
     those same words come to mind.
       At the end of August, the Treasury Department issued the 
     annual reports of the trustees for Social Security and 
     Medicare that showed these trust fund programs are on 
     schedule to run out of money.
       There are very serious fiscal problems, but Congress 
     instead is focusing on legislation to expand entitlements, 
     hurting their children in the long run while millions of our 
     elderly could be thrown into poverty.

  In conclusion, God bless our troops, who successfully protected 
America for 20 years as the global war on terrorism continues moving 
from Afghanistan to America. Our sympathy to the family of General 
Colin Powell.

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