[Congressional Record (Bound Edition), Volume 157 (2011), Part 7]
[House]
[Page 9726]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        INVESTING IN THE FUTURE

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Last December, with one vote, Congress voted to add $400 
billion to this year's deficit by extending all the Bush tax cuts and 
adding a new Social Security tax holiday. The premise was this would 
put America back to work. Well, guess what? It hasn't worked--borrowed 
money, a consumption-driven economy is anemic at best. Now the 
Republicans and President Obama want to double down. They want to 
expand and continue the Social Security tax holiday at a cost of 220 
billion borrowed dollars.
  How about instead of more tax cuts, instead of reducing investment in 
infrastructure, how about $220 billion of real investment in our 
crumbling national infrastructure? We could put 7.5 million people to 
work, not just in construction, in engineering, in small businesses and 
manufacturing, and add $1.5 trillion to our economy.
  The choice is clear: more failed policies of the past or investment 
in the future.

                          ____________________