[Congressional Record (Bound Edition), Volume 161 (2015), Part 8]
[House]
[Page 11621]
[From the U.S. Government Publishing Office, www.gpo.gov]




                                 GREECE

  (Mr. STUTZMAN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STUTZMAN. Mr. Speaker, in light of the third Greek bailout 
announced this week, I rise with great concern over our own Nation's 
finances.
  Mr. Speaker, last month, the Congressional Budget Office released 
their ``2015 Long-Term Budget Outlook.'' This report paints a troubling 
picture; with interest rates expected to rise, an aging population, 
increasing healthcare costs per person, and more and more recipients of 
government payments and subsidies, our Nation's debt held by the public 
is expected to rise to 100 percent of our economy in just 25 years. 
Only one other time in our history, the end of World War II, has it 
ever been higher.
  Mr. Speaker, doing nothing about this coming crisis is not an option. 
We can avoid the very predictable fiscal mistakes that have caused so 
much turmoil in Europe. We need policies that spur economic growth. 
Just yesterday, the White House revised down their GDP growth estimates 
for this year from 3 percent down to 2 percent.
  Mr. Speaker, let's rein in our government's out-of-control spending 
and balance our budget, which will get our economy moving again.

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