Virginia Foxx: “Today the House is going to debate a bill that holds the potential to move us away from a debt crisis and toward…”

“Today the House is going to debate a bill that holds the potential to move us away from a debt crisis and toward prosperity. I want to associate myself with the comments that were made by our colleague the gentlelady from Missouri (Mrs. Hartzler) a couple of speakers ago when she talked about how our colleagues on the other side of the aisle say that it is irresponsible to amend the Constitution in order to require the Congress to balance the budget. Yesterday in the Rules Committee, we heard from the gentleman from Maryland who talked about how we're twisting the Constitution to put in a limit on how we could cut taxes, raise taxes, into the Constitution, that how, by putting a two-thirds vote and restrictions into the Constitution, we're damaging the Constitution. Mr. Speaker, nothing could be further from the truth. Congresses in the past have proven that they don't have the restraint that's necessary to keep our spending under control. We need a constitutional amendment in order to do that. They did admit yesterday that we are paying the credit card from the past, and I want to point out that under President Obama, the average annual deficits that were in existence under President Bush became monthly deficits under President Obama. Since 2\1/2\ years ago, the national debt has increased by $3.7 trillion. That's why we need to cut spending, Mr. Speaker. We need to cut our spending. We need to cap our spending at no more than 20 percent of the GDP.…”