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Public Statements

Providing for Consideration of S. 627, Budget Control Act of 2011

Floor Speech

By:
Date:
Location: Washington, DC

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Ms. WASSERMAN SCHULTZ. I rise in strong opposition to the Republican Default Act, which represents a continued effort by our Republican colleagues to hold our economy hostage while forcing an ideological agenda and jeopardizing our economy.

Yet again, our colleagues across the aisle have put forward a legislative proposal that would lead to crippling cuts in Medicare, Social Security and Medicaid, all while refusing to even consider ending ill-advised tax breaks for the most fortunate Americans.

Who absorbs the total burden from these drastic cuts, Mr. Speaker? Our seniors and working families, that's who.

On a day when Exxon Mobil's second quarter profits soared 41 percent and they earned $10 billion, it is simply unconscionable for us to ask seniors, working families, children, and middle class folks to bear the burden of our deficits when we are asking nothing--nothing--of corporations, special interests and the wealthiest few. This short-term debt limit increase measure fails to instill the necessary confidence in the American people that we have their best interests at heart, and it certainly does little to calm our creditors throughout the world.

I urge my colleagues on both sides of the aisle to join me in opposition to this reckless, dead-on-arrival bill that the majority of the Senate and the President oppose so that we can find legitimate compromise with a long-term solution. Mr. Speaker, Democrats have been sitting at the compromise table for a very long time. There is a cold, empty chair across the table from us. It is time for the Republicans to warm that seat.

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