[Congressional Record (Bound Edition), Volume 155 (2009), Part 14]
[House]
[Page 19563]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           THE NATIONAL DEBT

  (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, the national debt has topped $11 trillion, 
unemployment has reached a 26-year high of 9.5 percent in June, and 
some believe it may go to 11 percent; $56 trillion in unfunded 
obligations. Countries like China and Saudi Arabia are buying up 
America and the future of our children; a $1.84 trillion deficit this 
year and it may actually go to $2 trillion; and Standard & Poor's said 
we may lose our AAA bond rating by 2012.
  Now the House Democratic health care reform bill moving through the 
committee at lightning speed does not include, as CBO said, ``the sort 
of fundamental changes that would be necessary'' to reduce the 
skyrocketing cost of health care spending under Medicare.
  This is not going to create jobs; this is going to kill jobs.

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