Mr. Speaker, one problem that I see from my colleagues across the aisle and the President is that many of them have never signed the front of a paycheck. They have only signed the back of a paycheck. I was a small-town banker for 8\1/2\ years. I practice the five Cs of credit: character, capacity, capital, collateral, and cash flow. If our country was held to these same standards, President Obama would never get the loan that he's asking for. I have struggled on this vote because of the $14 trillion of debt that our Nation faces. President Obama has yet to come up with a plan that changes our spending trajectory, but this House has. Cut, Cap, and Balance--it's not just any plan, but it's revolutionarily reformed the way Congress spends money. We aren't $14 trillion in debt because we tax Americans too little. We're in debt because Congress has spent too much money. We don't have a revenue problem, folks. We have a spending problem. The SPEAKER pro tempore. The time of the gentleman from New Jersey has expired. The gentleman from Ohio (Mr. Jordan) is recognized for 30 minutes.
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Mr. Speaker, I yield such time as he may consume to the gentleman from Michigan (Mr. Walberg), one of the authors of the bill. {time} 1715





