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We Got Here by Spending Too Much, Not Taxing Too Little

Floor Speech

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Date:
Location: Unknown

Mr. POE of Texas. Mr. Speaker, ``The last thing you want to do is to raise taxes in the middle of a recession because that would put businesses in a further hole.'' That was President Obama in 2009. But that was then and this is now. President Obama now says he wants to save us all by raising taxes on a few Americans. But the idea is flawed. One, the plan only funds the government for a few days. Then what's the plan, Mr. President? Two, according to the Senate Budget Committee, 75 percent of the new taxes will go towards spending, not deficit reduction.

This plan won't work to solve our economic woes. The problem is the government just spends too much. Where's the plan to cut spending? There isn't one. We got here by spending too much, not taxing too little. After all, ``the last thing you do in a recession is raise taxes''--quoting the President.

And that's just the way it is.


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