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Mr. YODER. Madam Speaker, we can debate today who is at fault for the crisis we are in; but I think we have an agreement, which is, with record spending, deficits and accumulated debt, coupled with 20 months straight of 9 percent unemployment, it is time for us to get serious about the crushing effect of a runaway debt on this economy.
As Speaker Boehner said, ``Just like a bankrupt business can't create jobs, a bankrupt country can't create jobs.''
Small business owners, individuals and families now find themselves at the mercy of this debt that we as a government have recklessly accumulated. It's not Democrats or Republicans. It's those families and individuals and business owners who are the real casualties of this government spending spree. So now we must choose a pathway. We are at a crossroads: reasonable spending reductions and keeping the government open or heading towards devastating tax increases and crushing deficits.
The tax increases that would be needed to actually alleviate these bloated deficits would wipe out individuals, families and businesses. According to the CRS, current income tax rates would need to double across the board to close the expected deficits of this administration. You can't create jobs under these devastating taxes. We must reduce spending.
We have a choice as the American people. We can choose prosperity; we can choose lower taxes; and we can choose reduced debt. Or we can go other the other direction and choose record-breaking deficits, historic taxes and devastation all across this country.
Madam Speaker, we have a choice to make today, and it is my hope the Members of this body will choose to keep the government open, will choose to begin making modest reductions, and will pass this necessary resolution to begin the pathway towards prosperity again in this country.
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