Jan 01 2013
Washington, D.C. – Senator Ron Johnson (WI) made the following comment regarding his vote on legislation to avert a ‘fiscal cliff:’
“Although I strongly prefer extension of current tax rates for all Americans, I supported the compromise bill that protects 99% of Wisconsinites from an income tax increase, limits the death tax, and prevents a dramatic increase in milk prices. It is by no means a perfect piece of legislation.
"The revenue raised by this legislation will equal approximately 7% of projected deficits. It is now time for President Obama and his Democrat colleagues to show the American public their plan to close the other 93% of the deficit.
"Our nation's debt now stands at $16.4 trillion, and has reached its statutory limit. We blew through the $2.1 trillion increase in the debt ceiling granted in August 2011 in only 17 months. This is clearly unsustainable, and President Obama must begin to work with Congress to reduce the size, scope, and cost of government.
"We are mortgaging our children's future. This is immoral and it must stop.”