[Congressional Record (Bound Edition), Volume 154 (2008), Part 3]
[House]
[Page 3199]
[From the U.S. Government Publishing Office, www.gpo.gov]




   FINANCIAL CRISIS FACING OUR NATION WILL REQUIRE BIPARTISAN EFFORT

  (Mr. WOLF asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WOLF. Mr. Speaker, I testified last week before the Budget 
Committee about the enormous fiscal challenge we face as a Nation and 
offered a bipartisan solution to respond to outgoing U.S. Comptroller 
David Walker's characterization of a ``tsunami of spending and debt 
levels that could swamp'' our Nation. We must come together across the 
aisle, and if we don't get our financial house in order and make the 
sacrifices necessary today, we will hurt our children and our 
grandchildren.
  Jim Cooper and I have joined efforts, a Democrat and a Republican, 
calling for a national bipartisan commission that will put everything 
on the table, entitlement spending, other Federal program spending, and 
tax policy, and come up with recommendations to put our country on a 
sustainable path. Nothing would be off limits for discussion and 
recommendations by the commission members. Congress would be required 
to vote up or down on the plan. If other viable bipartisan solutions 
are presented, we should look at those too.
  I urge Members, I beg Members on both sides of the aisle to come 
together to take this issue to heart. Let's work together to take the 
necessary actions to save this country.

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