Congress Must Act to Avert a Debt Crisis

Ms. FOXX. Madam Speaker, we've got a debt problem in America. The Federal Government keeps spending money and running up the national credit card at a record clip: $8.5 trillion over 10 years. Congress can't just cross its fingers and hope everything works out. That will only make the debt crisis that much more severe for our children and grandchildren.

We must start cutting spending and reducing the deficit now. To do otherwise and watch as our national debt prepares to overtake us is reckless. It is as if we are on the Titanic; we know there is an iceberg ahead of us in the darkness, but we refuse to change course. No amount of denying our debt crisis will change the fact that this iceberg exists. We can avert disaster, but we must act quickly to restore fiscal responsibility before it is too late.

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