Mr. OLSON. Madam Speaker, I want to give the American people seven facts about our fiscal crisis.
Fact number one: we have a $16 trillion national debt that's expected to go up to over $22 trillion before President Obama leaves office.
Fact number two: Washington's problem is not revenue. It's uncontrolled spending.
Fact number three: in less than 14 hours, automatic tax hikes will give Washington more money to spend.
Fact number four: the nonpartisan Congressional Budget Office says these automatic tax hikes threaten to put us back into another recession.
Fact number five: the House has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes.
Fact number six: the Senate, with the President's approval, has refused to take up this bill.
Fact number seven: we've done our job in the House. It's time for the Senate to do their job before the clock strikes midnight.