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House Proceeding on Mar 24th, 2009 :: 0:47:00 to 0:49:45
Total video length: 49 minutes Stream Tools: Stream Overview | Edit Time

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Frank R. Wolf

0:46:56 to 0:47:16( Edit History Discussion )

Frank R. Wolf: consider the public lands bill tomorrow. thank you, mr. speaker. i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. the chair recognizes the gentleman from virginia, mr. wolf, for five minutes. speaker. i ask unanimous consent to

Frank R. Wolf

0:47:00 to 0:49:45( Edit History Discussion )
Speech By: Frank R. Wolf

Frank R. Wolf

0:47:17 to 0:47:39( Edit History Discussion )

Frank R. Wolf: revise and extend my remarks. last week, the national debt atopped $11 trillion for the first time in history. on friday, the congressional budget office reported that the federal deficit will soar $1.8 trillion this year, what should be the highest recorded since world ward ii. deficits for -- world ward ii.

Frank R. Wolf

0:47:40 to 0:48:01( Edit History Discussion )

Frank R. Wolf: deficits for as far as the eye can see. the government will pay $800 billion annually for just interest on the debt. congreman cooper of tennessee and i have introduced a bipartisan safe commission to create a national commission aim at addressing entitlement spending and our national tax policy with everything on the table.

Frank R. Wolf

0:48:02 to 0:48:24( Edit History Discussion )

Frank R. Wolf: it's bipartisan with exactly 26 republicans and 26 democrats joing as original co-sponsors. in a similar proposal in the senate has the support of senator kent conrad and chairman of the senate budget committee and ranking member, senator judd gregg. the commission would force congress to act on the mouains of debt under which we are burying our children and grandchildren.

Frank R. Wolf

0:48:25 to 0:48:46( Edit History Discussion )

Frank R. Wolf: without it, we'll have the same old tired process. drawing lines in the sand while the tsunami of debt comes crashing over r shores. according to a recent party hart public opinion strategy surrey, 56% of registered bipartisan commission to the regular congressional process as the best means to begin tackling

Frank R. Wolf

0:48:47 to 0:49:09( Edit History Discussion )

Frank R. Wolf: a growing budget deficit and national debt. the current process isn't working. in other words, the american people understand we are in trouble. yet congress continues to fit while with a wild room burns. congress is made up of parents and grandparents, yet we seem to be prepared to push all of the debt we are creating off to our children and grandchildren. the american people are

Frank R. Wolf

0:49:10 to 0:49:31( Edit History Discussion )

Frank R. Wolf: experiencing a crisis in confidence and they are worried about our country. when we gain control of reckless spending, we'll be able to rebuild the economy, see a brighter and stronger america, stronger for us and stronger for our cldren and grandchildren to bring about a renaissance. how will history judge the 111th congress if it doesn't deal with

Frank R. Wolf

0:49:32 to 0:49:46( Edit History Discussion )

Frank R. Wolf: this issue? co-sponsoring the wolf -- cooper-wolf safe commission is supporting the bipartisan way frord. if any member has a better idea that can honestly place,

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