Cut, Cap, and Balance

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, today we will have the opportunity to vote for a solution on the impending debt ceiling issue in Washington. The Cut, Cap, and Balance Act of 2011 will cut $111 billion of spending next year; it will cap the total Federal spending for the next 10 years; and, finally, it will require the passage of a balanced budget amendment before raising the national debt limit.

This year the Federal Government will spend twice the amount it spent just 10 years ago. The government has a spending problem. It is not a lack of revenue, and it must be addressed to protect senior citizens.

Where are the liberals' plans? It's been over 800 days since the liberals passed a budget in the Senate.

The President's failed plan does not cut spending. Instead, it just raises taxes in a recession, killing jobs.

I hope both parties can come together to enact the Cut, Cap, and Balance Act, which I am grateful to have cosponsored to benefit the young people of our country.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.

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