[Congressional Record (Bound Edition), Volume 157 (2011), Part 8]
[House]
[Page 11305]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    STOP THE OUT-OF-CONTROL SPENDING

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. I would like to associate myself with the comments of my 
colleague from Tennessee. I agree with every word he said.
  And I would like to ask a question, Mr. Speaker: Why is our national 
debt so high? It's because spending is too high.
  It's pretty simple. Our debt crisis is the result of Washington 
spending money it doesn't have and leaving the tab for taxpayers and 
future generations to pick up. That's irresponsible.
  The only way out is reducing spending, since at least 40 cents of 
every dollar we're spending is added directly to the national debt.
  And, no, despite what our friends on the other side of the aisle 
would say, raising tax rates and confiscating more money isn't the 
solution. That ignores the reality that Washington has a chronic 
overspending problem, not an undertaxing problem.
  If we're going to restore economic certainty, bolster job growth, and 
keep America competitive, we need to stop spending money we don't have. 
Mr. Speaker, we've got to start cutting spending, and we've got to 
start it now.

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