On the recordJuly 20, 2011
Yesterday we had a very vigorous debate about the unsustainable debt that our country is facing, and we passed a bill, the Cut, Cap, and Balance bill. That bill is really the only one that's been on the table, House or Senate, so far. So we asked in the Senate, where's their proposal? We asked the White House, give us a proposal that the Congressional Budget Office can actually give us a score on, on how we're going to do this. We need legislative language to move forward on these things. We can't just base things on speeches, as has been said yesterday. Mr. Speaker, I believe this country is at a very pivotal point in its history. There's no question about it. We're at a pivotal point. We can decide, is the United States going to lead in the 21st century as it did in the 20th century and in the 19th century, or will we be swallowed in a sea of red ink, high unemployment and very sluggish growth? That is the basic fundamental problem we're faced with today. It's within our power in Congress to make policy decisions that will change this equation for the good or the bad for the American people. We have decisions to make, tough decisions. And it's time. It's time to make those decisions. {time} 1020 Now yesterday we debated the unsustainable debt problem that this country is facing, a situation that is going to swallow up savings for every single American, currently, $46,000 for every man, woman, and child in this country; and it's rising.…





