Concurrent Resolution on the Budget for Fiscal Year 2012

Floor Speech

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Mr. McCLINTOCK. This Nation is on a collision course with a sovereign debt crisis the magnitude of which has never been known to this country. This is not some moonless night on the Atlantic. We are barreling full speed toward that iceberg of debt in the full light of day, and we can all see it dead ahead.

The Ryan budget turns the ship around just enough to avoid hitting that iceberg. The RSC budget does it with an added safety margin by incorporating more of the debt commission's recommendations and implementing them faster.

Mr. Chairman, we know the challenge. We see the American dream at risk, and we know that we have but a fleeting moment in history to avoid the hardest times our Nation has ever known. We can act now, place our retirement systems on sound financial footings, arrest the debilitating spiral of debt that threatens the very survival of our Nation, and return our economy to the prosperity that it has known when it enjoyed what Jefferson called a wise and frugal government. Or we can continue on our present course until we crash into the ice cold and hard reality that we can all see dead ahead.

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