[Congressional Record Volume 169, Number 79 (Wednesday, May 10, 2023)]
[House]
[Page H2182]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REPUBLICANS ADDRESS THE DEBT CEILING
(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, last month, I was grateful
to join House Republicans in passing the Limit, Save, Grow Act, which
will limit government spending, reduce the Federal regulatory state,
and promote pro-growth energy and economic policies, creating jobs.
House Republicans, led by Speaker Kevin McCarthy, have acted
responsibly to address the debt limit deadline.
On behalf of American families now and in the future, this
legislation should next pass the Senate.
Americans are struggling every day with 40-year-high inflation, jobs
destroyed, rising gas prices, and the highest interest rates in
decades. Unfortunately, President Biden has insisted on a blank check
to increase the debt ceiling without any reforms on how Biden spends
and wastes taxpayer money.
This legislation will save an estimated $4.8 trillion over 10 years,
maintaining a strong national defense and protecting Medicare and
Social Security.
In conclusion, God bless our troops, who successfully protected
America for 20 years as the global war on terrorism continues moving
from the Afghanistan safe haven to America.
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