[Congressional Record (Bound Edition), Volume 157 (2011), Part 8]
[House]
[Page 11230]
[From the U.S. Government Publishing Office, www.gpo.gov]




                               DEBT LIMIT

  (Mr. SAM JOHNSON of Texas asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. SAM JOHNSON of Texas. Mr. Speaker, the President wants Congress 
to raise the debt ceiling without a corresponding plan to cut spending 
and balance the budget and insists raising taxes is the only way 
forward. The reality is that doing so amounts to a Barack Obama bailout 
for his out-of-control spending that got us here in the first place: a 
bailout for his $1 trillion ObamaCare, a bailout for the failed 
stimulus, a bailout for ``Government Motors,'' a bailout for Fannie and 
Freddie.
  According to a new poll in Politico, voters expressed significantly 
more support for spending cuts, and only 11 percent of voters see tax 
hikes as the main way of closing the deficit. America has got it right: 
it's time to cut spending, balance the budget, and pay down the debt 
for our children and our grandchildren without raising taxes.
  Just say ``no'' to a Barack Obama bailout. Even his bailouts need a 
bailout.

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