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Public Statements

Cut, Cap, and Balance Act of 2011

Floor Speech

By:
Date:
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. CHABOT. Our national unemployment rate is stuck at over 9 percent. We're currently borrowing 43 cents on every dollar that's spent around here, and our national debt stands at a staggering $14.5 trillion. The American people are demanding that we in Congress provide real solutions to these serious problems. The Cut, Cap, and Balance Act does just that.

The debate today is not whether we should make good on our current obligations. We're all in agreement that we must pay our bills, but the spending in Washington is out of control and it has to stop. We have to cap future spending, and passing a balanced budget amendment is critical to doing that; because, let's face it, historically Congress has shown no will or the ability to stop its addiction to spending.

Right now, back in my district in Cincinnati, hardworking Americans are making tough decisions, tightening their belts, and making sacrifices to pay their bills. They expect us to do the same.

Now let's do the right thing and pass this critical bill.

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