[Congressional Record (Bound Edition), Volume 158 (2012), Part 12]
[House]
[Pages 16623-16624]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  TACKLING OUR OUT-OF-CONTROL SPENDING

  (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, on Sunday, the President 
and House Speaker Boehner met to discuss the impending fiscal cliff. 
The next day, the President jetted off to Michigan to campaign for tax 
increases, instead of staying in Washington to work on a possible plan.
  With a national debt of over $16 trillion, Washington's out-of-
control spending is placing our national security at risk. Clearly, 
spending is the threat, with an increase of 93.5 percent over 10 years 
and revenues increased only 15.7 percent. Raising taxes on the American 
economy will destroy jobs.
  Reports have indicated that raising taxes on the top 2 percent will 
generate up to $80 billion a year. This amount of money covers less 
than 10 percent of our Nation's annual deficits. It's my hope that the 
President will address the fiscal cliff to work with House Republicans 
to promote small business job growth.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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