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Public Statements

Budget Control Act of 2011

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. BUCHANAN. Mr. Speaker, we need to cut spending today and reduce the deficit and avoid the dangerous prospects of putting America for the first time in default.

The bill before us today will accomplish that without raising taxes on the American people. With unemployment being what it is today, in terms of looking at small businesses, it also will not raise taxes on small businesses who are the job providers. I support the Budget Control Act because the time is now for Congress and the President to do what is in the best interest of the American people.

Our economy is struggling. Our current national debt is over $14 trillion, and we're adding $4.5 billion a day to our deficit and debt. Let me break that down. That is $188 million per hour to our deficits and debt, $4.5 billion a day.

This reckless pattern of borrowing and spending has put our country on the road to bankruptcy. Washington needs to show the American people that we can deal with these challenges today and in the future. I urge my colleagues to support the Budget Control Act.

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