Mr. BACA. Mr. Speaker, Republicans claim that they want to lower the government spending, but they sure have a funny way of showing it. First, they refused to compromise with the President on a proposal that would lower the deficit by $4 trillion. Now they refuse to compromise on a long-term plan that would result in meaningful deficit reduction.
Even after the stock market plunged yesterday, Republicans still refuse to compromise. Why? Because they're more interested in scoring political points and protecting the tax breaks for the ultrarich corporations that ship jobs overseas.
We must not balance the budget on the backs of our seniors and the poor by cutting Social Security and Medicare. We need a balanced approach. We need to work together. No taxes, no jobs.
Let's stop this dangerous game of chicken before we have an economic disaster. We must compromise, and it shouldn't be ``my way or the highway.''