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OLSON STATEMENT ON HOUSE PASSAGE OF CUT, CAP & BALANCE

Washington, DC– Rep. Pete Olson (R-Sugar Land) today delivered the following floor speech in support of H.R. 2560, the Cut, Cap and Balance Act.  This legislation will cut discretionary spending, implement enforceable spending caps and require a constitutional amendment to balance the federal budget. The Cut, Cap, and Balance Act will make absolutely no changes to Social Security, Medicare, or veterans spending.

Text of Olson's floor statement:

"Mr. Speaker, there are two reasons this is the most important vote of my two and a half years in Congress.  Their names are Kate and Grant Olson, they are my children.  Kate is 14 and Grant is 11.  My wife Nancy and I, uprooted them from the only home they knew, to move back to my home state of Texas to run for Congress, because we were worried that the ever increasing federal debt was the greatest threat to their future.

"Today, for the first time in my children's young lives the House of Representatives is passing game changing legislation that puts our nation on a path to fiscal sanity and ensures that my Kate, my Grant - and your Kate's and your Grant's have better lives than we did. I urge, urge my colleagues to make a down payment on the future of America's youth and vote in support of H.R. 2560."

The House passed H.R. 2560 by a vote of 234 to 190.  To view Rep. Olson's floor speech click here.

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Media Contact: Melissa Kelly

202-225-5951