Francisco Canseco: “Once again, in the debate over our Nation's fiscal future, the House of Representatives is leading. I commend my…”

“Once again, in the debate over our Nation's fiscal future, the House of Representatives is leading. I commend my colleagues for bringing forward a solution to cut, cap, and balance the Federal budget. Together, these will help ensure that it is the Federal budget that will be restrained and not the family budget. Regrettably, I cannot vote for this bill. I do so not because I have any issue with cut, cap, and balance. I strongly support that part of the bill. What I cannot support is that this bill fulfills President Obama's request to raise the amount of debt that will be borne by American taxpayers by over $2 trillion. Every American household's share of our national debt is already at $120,000, and President Obama has asked this House to add an additional $20,000 per household to that burden. It is regrettable that President Obama has asked Congress to raise the Nation's debt ceiling and allow more debt to be thrust upon American taxpayers in order to pay for the spending binge he embarked upon over the past 2 years. The SPEAKER pro tempore. The gentleman from Wisconsin has 8\1/2\ minutes, and the gentleman from Maryland has 8\1/4\ minutes.”