CBO Reports More Stimulus Stumbles

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, yesterday, the nonpartisan Congressional Budget Office announced that the cost of the President's spending plan has jumped another $75 billion. Stephen Dinan at the Washington Times reported that ``the country faces giant budget deficits for the foreseeable future and has the biggest debt problem it has seen since just after World War II.''

On the heels of these reports, the President will deliver the State of the Union address and will present his agenda tonight. I hope the President will be substantive about tackling out-of-control Washington spending to promote bipartisan cooperation. I believe we need to freeze spending based on 2008 levels. The Washington liberal majority needs to explain the 85 percent spending spike in just 2 years. American families who are trying to stay financially afloat do not have time for any more stimulus stumbles. We need jobs, not more spending.

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

Congratulations, Coach Darrin Horn and the USC Gamecocks, for their 68-62 victory over number one ranked Kentucky.

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