[Congressional Record (Bound Edition), Volume 158 (2012), Part 13]
[House]
[Page 18429]
[From the U.S. Government Publishing Office, www.gpo.gov]




        FACTS THE AMERICAN PEOPLE DESERVE ABOUT THE FISCAL CLIFF

  (Mr. OLSON asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. OLSON. Madam Speaker, I want to give the American people seven 
facts about our fiscal crisis.
  Fact number one: we have a $16 trillion national debt that's expected 
to go up to over $22 trillion before President Obama leaves office.
  Fact number two: Washington's problem is not revenue. It's 
uncontrolled spending.
  Fact number three: in less than 14 hours, automatic tax hikes will 
give Washington more money to spend.
  Fact number four: the nonpartisan Congressional Budget Office says 
these automatic tax hikes threaten to put us back into another 
recession.
  Fact number five: the House has done its job to avoid this crisis by 
passing a bipartisan bill to stop the tax hikes.
  Fact number six: the Senate, with the President's approval, has 
refused to take up this bill.
  Fact number seven: we've done our job in the House. It's time for the 
Senate to do their job before the clock strikes midnight.

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