Crisis Of Debt

Floor Speech

Mr. WALBERG. Mr. Speaker, we are in the midst of a crisis. It's not a crisis of a debt ceiling. It's a crisis of debt, of Washington spending too much, not taxing or borrowing too little. The problem isn't the debt ceiling; it's the debt. We can no longer continue to commit generational theft by our uncontrolled spending habits to our children and grandchildren.

Luckily, the Congress has made significant progress in the first six budget bills in cutting real spending for this upcoming fiscal year. And House Republicans have fundamentally changed the debate in Washington. We are no longer talking about job-killing tax increases. We're talking about spending cuts and long-term spending reform--our goals from day one.

It's time for President Obama and the Senate Democrats to join us in our efforts to control spending before time runs out. We must solve this crisis to encourage job creation and return America to its greatness. America's great people are ready.

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