congressional_record: CREC-2012-12-31-pt1-PgH7476-3

Congressional Record — full text of everything said on the floor of Congress. Speeches, debates, procedural actions from 1994 to present. House, Senate, Extensions of Remarks, and Daily Digest.

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granule_id date congress session volume issue title chamber granule_class sub_granule_class page_start page_end speakers bills citation full_text
CREC-2012-12-31-pt1-PgH7476-3 2012-12-31 112 2     FACTS THE AMERICAN PEOPLE DESERVE ABOUT THE FISCAL CLIFF HOUSE HOUSE ALLOTHER H7476 H7476 [{"name": "Pete Olson", "role": "speaking"}]   158 Cong. Rec. H7476 Congressional Record, Volume 158 Issue 171 (Monday, December 31, 2012) [Congressional Record Volume 158, Number 171 (Monday, December 31, 2012)] [House] [Page H7476] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] FACTS THE AMERICAN PEOPLE DESERVE ABOUT THE FISCAL CLIFF (Mr. OLSON asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) 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. ____________________

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