On the recordJuly 18, 2011
I thank my colleague from Arizona for his learned words and eloquent words, quoting, Madam Speaker, Shakespeare. I'll begin by quoting Yogi Berra, that great fount of wit, wisdom, and good old American common sense. More recently, Yogi Berra said, When you come to a fork in the road, take it. We find ourselves as Americans right now certainly in a fork in the road--a fork in the road as a Nation. Either we must act boldly or some would say we face financial Armageddon. Unemployment is at 9.2 percent. Investment is down. Hiring is sluggish. The American people are anxious about where they're going to find jobs, where they're going to send their kids to school. People in southern Indiana ask me all the time what they're going to do as we fall further into the financial abyss. Our national debt is over $14 trillion--and growing. We know we're not in the mess because the American people are taxed too little. We're in this mess because Washington spends too darned much. And we want to address that. So, as the President stands at this fork in the road, having no plan and refusing to lead, we know that we here in Congress must lead. We must act. We must, as we say in the United States Marine Corps, we must have a bias for action. Well, that's why we put forth this Cut, Cap, and Balance Act of 2011. It's a responsible action. I'll briefly outline its finer points. First, it cuts total spending by $111 billion in fiscal year 2012.…





