[Congressional Record (Bound Edition), Volume 158 (2012), Part 13]
[House]
[Page 18570]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          BAD DEAL FOR AMERICA

  (Mr. MORAN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. MORAN. Mr. Speaker, the deal that Republican Senate leader Mitch 
McConnell was able to get his colleagues to pass last night is a bad 
deal for America and a worse deal for our children's future. It's the 
largest increase in public debt that this body will have ever passed--
more than $5 trillion from today's current law.
  Our deficit this year alone is likely to be about $1.3 trillion. This 
would reduce it down to $1.24 trillion with $60 billion of new revenues 
that it gains. Most importantly, it sets up three more fiscal cliffs 
over the next 3 months when appropriations spending expires on March 
27, when the debt ceiling has to be increased at the end of February, 
and when the sequester has to be dealt with at the very same time.
  So all we've done is to stumble forward into an even less predictable 
situation with far fewer resources to invest in our Nation and our 
children's future.

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