As a CPA, I've counseled folks who are in debt. The first step is to acknowledge the problem. The second step is to develop a budget that maps out the path to solvency. Our children, who stand to inherit a national debt level that is unsustainable, should require Congress to adopt a similar approach. Apparently, the majority is afraid to admit that Washington has a spending and borrowing problem, and they plan to avoid even discussing a budget. In 2008, then-candidate Obama told Joe the Plumber, ``We need to share the wealth.'' I was concerned then, but now I am appalled, because who are we sharing the wealth with? The Chinese. Sending nearly a trillion dollars to foreign nations to pay debt service on reckless spending is not what our kids deserve. Our kids deserve a Congress that will do their job and make the tough decisions to get our fiscal House in order, which starts by developing a responsible budget.
Editor's note · Context
The speaker addresses the national debt and the need for Congress to adopt a responsible budget.
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I would like to yield 2 minutes to the gentleman from Pennsylvania (Mr. Kelly), a colleague on the House Ways and Means Committee.
At this time, I yield as much time as he may consume to the gentleman from Texas (Mr. Sam Johnson), a distinguished member of the Ways and Means Committee.





