Michele Bachmann: “This is not a hypothetical we are talking about, this is reality that we are talking about tonight, the fact that these…”

“This is not a hypothetical we are talking about, this is reality that we are talking about tonight, the fact that these tax cuts right now are on automatic pilot. They are going away. They are the engines that have propelled the growth in this economy, both with the cuts on capital gains and on dividends, that has provided the jobs, the growth, the unparalleled level of prosperity that we have enjoyed. It is all going away if we don't stop that. That is why I thank you again, Congressman Walberg, for being willing to sponsor this important legislation. It is why I am on it, it is why Congressman Davis and so many of our colleagues are on it. As a matter of fact, there is a piece of legislation that I believe you signed on recently as well as I signed on; this is one that our colleague John Campbell came up with, and that is putting a spending ceiling on what Congress can spend. Because I think that Congressman Davis said it very well earlier: We have a spending problem. That is what leads to our taxing program.”