[Congressional Record (Bound Edition), Volume 157 (2011), Part 6]
[House]
[Page 8435]
[From the U.S. Government Publishing Office, www.gpo.gov]




             RAISING THE DEBT CEILING MEANS SERIOUS CHANGES

  (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, over 750 days have passed 
since the Senate passed a budget. Now, liberals in Congress are leading 
the charge to increase the current debt limit. The Federal Government 
officially reached its $14.3 trillion debt limit in May. America's 
finances are now borrow, tax, and spend--killing jobs.
  Congress should not raise the debt limit without making serious 
changes in the way the Federal Government spends money. Recklessly 
raising the debt ceiling without exercising fiscal restraint will lead 
to a lower international credit rating, higher borrowing costs, and an 
increase in the cost of the Nation's imports.
  This is a threat to senior citizens by risking the value of the 
dollar. It's a threat to young people, saddling them with overwhelming 
debt.
  Washington must change its way, which is now killing jobs.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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