mr. hensarling: mr. speaker, the american people want more jobs and less debt. the american people are telling washington you have to quit spending money you don't have and quit borrowing 42 cents on the dollar much of it from all default. and what this has done, it has brought our two parties together. i would like to reflect for a moment the fact that we have a bipartisan compromise here. that doesn't happen all that off en, but that's a good thing. first thing as my colleague just said, this is a down payment on the problem, good step in the right direction, and it is a huge cultural change to this institution. both parties got us in this mess . oth parties are going to have to work together to get us out of this mess. and the real problem, i would add, mr. speaker, is the fact that we spend way more money than we take in. we have to address that. to my friends on the left, i think they would like to take comfort in the fact the way the spending cuts are designed. to my friends on the right, we are cutting spending. we have been trying to get discretionary ca

mr. hensarling: mr. speaker, the american people want more jobs and less debt. the american people are telling washington you have to quit spending money you don't have and quit borrowing 42 cents on the dollar much of it from the chinese and send the bill to our children and grandchildren. our crisis today is not the debt ceiling, it is our debt and it is a spending-driven debt. that is why we are here today, mr. speaker. i would like toe say this bill solves -- like to say this bill solves our problem. it doesn't. it is a doll i had first step. nobody, nobody on our side of the aisle wants to increase our debt ceiling. it's not in our d.n.a. but we do believe you ought to stay current on your bills and you got to quit spending money you don't have. and in this bill, although the sums are very, very small, when we pass this bill, if the president siningst into law, it -- signs it into law, it will be the first time in my lifetime that for two years in a row we have actually cut discretionary spending in washington, d.c., and made a very slight directional chang

mr. hensarling?o tempor the >> the gentleman is recognized for ten minutes. >> thank you mr. speaker.he the american people want more jobs and they want less debt. the american people are telling washington you've got to quit spending money you don't have. borrve got to cut borrowing 42 cents on the dollar much of it from the chinese and soon the chandto the children and our grandchildren. our crisis today is not the debt ceiling it is our debt it is driven debt.re here that is why we are here today, mr. speaker. i would like to say that this bille solves our problems. nobody on our side of the allans wants to increase the debt ceiling it's all in our dna. though we do believe that we ultimately the state current onn the bill and you've got to quity spending money you don't have all those sums ares very small the president signs it into law it will be the first time in my lifetime the first time in my lifetime that for two years in a row we've actually cut discretionary spending in washington, d.c. and made a very slight direction of change in the slight right direction and e

mr. hensarling of texas, co-chair. mr. upton of michigan and mr. camp of michigan. the speaker pro tempore: the chair announces that pursuant to section 401-b-4-b-4 of the budget control act of 2011 and the previous order of the house of january 5, 2011, the minority leader has appointed the following members to serve on the joint select committee on deficit reduction. the clerk: mr. clyburn of south carolina. mr. becerra of california. and mr. van hollen of maryland. the speaker pro tempore: pursuant to section 3 and 4 of house resolution 375, the house stands adjourned until 11:30 a.m. on august 16, >> the house is back on september 7 with live coverage here on c-span. the appointment of the republican and democratic members of the joint committee on deficit. these are the members. the senate members were named the other day. you can find out more information on our web site, c- span.org/deficit. that is alice rivlin on your screen. she is a former white house budget director. they are discussing the deficit reduction deal. its front to around 11:30. our live cove

mr. hensarling: mr. speaker, the american people want more jobs and less debt. the american people are telling washington you have to quit spending money you don't have and quit borrowing 42 cents on the dollar much of it from the chinese and send the bill to our children and grandchildren. our crisis today is not the debt ceiling, it is our debt and it is a spending-driven debt. that is why we are here today, mr. speaker. i would like toe say this bill solves -- like to say this bill solves our problem. it doesn't. it is a doll i had first step. nobody, nobody on the aisle wants to increase our debt ceiling. it's not in our d.n.a. but we do believe you ought to stay current on your bills and you got to quit spending money you don't have. and in this bill, although the sums are very, very small, when we pass this bill, if the president sinings it into law, it -- signs it into law, it will be the first time in my lifetime that for two years in a row we have actually cut discretionary spending in washington, d.c., and made a very slight directional change in the r