[Congressional Record (Bound Edition), Volume 157 (2011), Part 8]
[House]
[Page 11874]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1210
                         CUT, CAP, AND BALANCE

  (Mr. LANDRY asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. LANDRY. Mr. Speaker, I had an opportunity this weekend to go home 
to Louisiana, which I enjoyed doing. I heard from a State senator of 
mine who is also a banker. He said that he had a gentleman come in his 
office this weekend, asking for some more money on his loan. He said, 
Well, in order to do that, you have to give us some more information. 
We have to see your debt-to-income ratio--your assets versus your 
liabilities. So, after looking at that, he explained to him that, if 
the ratio doesn't work, he can't lend him any more money.
  If you were to plug in that same ratio of what our Federal regulators 
are requiring of our financial institutions when they look upon the 
American people and American businesses, you would find that if we put 
that same set of rules on this government that, basically, our Federal 
regulators would not let us borrow any more money.
  The point of the matter, Mr. Speaker, is that we have a spending 
problem here in Washington. We cannot raise this debt ceiling unless we 
do three things: unless we cut, we cap, and we balance our budget.

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