[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6391]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        STOP EXCESSIVE SPENDING

  (Mr. LATTA asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. LATTA. Mr. Speaker, I rise today to express my concern with the 
recently released analysis done by CMS of the health care bill that 
confirms that our Nation's health care costs will increase rather than 
decrease as the President has pledged to the Nation.
  The CMS analysis concluded that the national health care expenditure 
will actually increase by $311 billion. At a time when our employment 
rate is continuing to rise, how are American families supposed to pay 
these increased costs?
  The latest figures show that the Ohio unemployment rate is 11.5 
percent, and in some parts of my district it is 14 percent. My 
constituents are continuing to ask, where are the jobs? In addition, 
the small businesses in my district are asking how they're supposed to 
pay the new mandates being placed on them under this bill.
  The CMS analysis also shows that the recently passed health care bill 
will increase health care costs to 21 percent of the GDP by 2019. In 
addition to this increased spending in health care, the Congressional 
Budget Office has stated that under current spending levels, by 2020 
American taxpayers will be paying $2 billion a day in interest alone on 
the national debt. It also estimates that the debt will be $20 trillion 
by that year.
  Our Nation's economic future requires that this administration and 
Congress exercise serious fiscal constraint and stop excessive 
spending.

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