Broun: U.S. Facing Greece-like Meltdown Without Spending Cuts
Dec 20, 2012 -
U.S. Congressman Paul Broun, M.D. (GA-10) today gave a one-minute version of the following speech on the Floor of the U.S. House of Representatives in response to the latest developments in the fiscal cliff debate:
Click here to listen to Dr. Broun’s speech on C-SPAN.
“Mister Speaker, we’ve reached the fiscal cliff not because we tax too little, but because we spend too much. My Democrat colleagues want to focus on whom to raise taxes and by how much – but this debate should really be about our addiction to outrageous spending.
“Many in Congress don’t believe that what happened in Greece could happen here in the United States. But just think about it. Greece kept borrowing and spending more and more until eventually they couldn’t pay their public workers. They couldn’t take care of the elderly and the poor who depend on government programs. And they couldn’t deliver any of the retirement or healthcare services they promised its people. Sound familiar? It’s because the United States is headed down the same path today.
“The Democrats think we can tax our way out of this mess. But we’ll be right back here having this same debate very soon if we don’t cut spending.
“Today, the Democrats are talking about taxing the top two percent. Next time, it’ll be the top fifty percent. And so on, and so on, until we’re taxing everyone – but spending so much that we still can’t meet our obligations.
Mister Speaker, let’s shift the focus of this debate from taxing to spending so that we can give the American people what they want; a strong economy and a guarantee that programs like Medicare and Social Security will remain intact for them.
“I yield back.”