On the recordApril 18, 2012
This week we remember and recognize the sinking of the Titanic 100 years ago. It is humbling to reflect upon the frailty of even so mighty a ship. Titanic-like, this country faces threats that this generation must sadly confront and must address. We can see the icebergs in the water ahead. Recent spikes in interest rates on Spanish debt reinforce cause for concern about our own future. President Obama's successive trillion-dollar budget deficits have sunk us deeper in debt than we've ever been before. We see the fiscal icebergs looming around us, yet the Senate has not even passed a budget for 1,000 days. Mr. Speaker, it's time to recognize that we cannot spend money that we do not have. It's time for us to get serious about finding ways to steer for open water. We owe it to ourselves, our children, and our grandchildren to balance the long-term income and expenses of this government and of this country. If we do not steer clear of the icebergs, they will send us down. ____________________
Source
govinfo.gov




