Congressman Joe Wilson (SC-02) issued the following statement after the House passed H.R. 5872, the Sequestration Transparency Act of 2012, by a vote of 414-2.
"The $1.2 trillion sequester expected to begin on January 2, 2013 is a severe and real threat to our country. Not only will these cuts threaten our brave men and women serving in uniform's ability to defend our national security, they will also potentially destroy up to one million jobs nationwide. With a national unemployment rate above eight percent for the past forty-one months, our national workforce cannot afford the loss of one more job due to inaction by the liberal-controlled Senate.
"The Administration must be held accountable for the way in which it plans to implement these drastic Department of Defense budget cuts. Transparency is absolutely necessary when placing our national security and economy at such high risk. By requiring the President to submit a report to Congress within 30 days of enactment, our nation's taxpayers, military personnel, and small businesses are given the fairness they deserve by knowing the effects of sequestration. As a cosponsor of this bill, I am very pleased with its overwhelming bipartisan support. I encourage my colleagues in the Senate to take immediate action on this very important issue."