On the recordJuly 20, 2011
Mr. Speaker, yesterday, the House passed the cut, cap, and balance plan to control government spending and raise the debt limit. Now we need the Senate to act and put their plan on the table. While it was good to hear yesterday that at least six Senators have reached agreement on a plan to control our debt, what we really need is the other Chamber to bring a plan to the floor and pass it out of the Senate. We have passed a clear plan, one that can be scored by the CBO, a plan that calls for a long-term solution to keep Congress responsible, the balanced budget amendment. It is clear that we need to act on the debt ceiling soon. Our credit rating is certainly at risk. However, we cannot forget that what is truly at risk is the long-term solvency of our Nation. If we continue on the current path, we will end up being controlled by our creditors, just like Greece, Portugal, and Ireland. Our very independence is at stake here. By acting responsibly now, we avoid greater pain later. Kicking the can down the road is only kicking our Nation's future. ____________________





