[Congressional Record (Bound Edition), Volume 157 (2011), Part 4]
[House]
[Pages 5772-5773]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      SPENDING-DRIVEN DEBT CRISIS

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, $14.4 trillion, that's the approximate size of 
our Nation's economy; $14.2 trillion, that's the size of our Nation's 
debt--a record high and growing. Soon our debt will surpass our 
economy. Let's be clear: No nation that deep in the red can lead as it 
must or go on living as it wishes for very much longer.
  Our spending-driven debt crisis is adding serious uncertainty to our 
economy, which is preventing businesses from expanding, innovating, and 
creating jobs. Admiral Mike Mullen, the Chairman of the Joint Chiefs of 
Staff, has rightly called our debt ``the single greatest threat to our 
national security.''
  If we want to bring confidence back to our economy, jobs back to our 
citizens and hope back to our children's future, we have to stop 
spending money that we don't have. It is time for the Senate Democrats 
to stand up and join this fight.

[[Page 5773]]



                          ____________________