[Congressional Record (Bound Edition), Volume 158 (2012), Part 12]
[House]
[Page 16955]
[From the U.S. Government Publishing Office, www.gpo.gov]




  PRESIDENT OBAMA'S FISCAL CLIFF PLAN CALLS FOR $1.2 TRILLION IN NEW 
                                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, during his campaign for 
re-election, the President called for a balanced approach to solve the 
fiscal cliff crisis. Unfortunately, the plan his administration 
submitted to Congress does not include the spending cuts necessary to 
address our Nation's $16 trillion national debt.
  According to Senate Budget Committee Ranking Member Jeff Sessions' 
staff's calculation of data from the Congressional Budget Office and 
the Office of Management and Budget, the President's plan suggests that 
roughly 75 percent, or $1.2 trillion, in new revenue be directed to new 
spending instead of deficit reduction.
  The fiscal cliff must be averted to protect our economy for future 
generations. Yesterday, House Speaker John Boehner asked the President 
to identify specific cuts he is willing to make for a balanced 
approach. I hope the President will take immediate action so progress 
can be made for a bipartisan solution.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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