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Public Statements

Disapproval Resolution Relating to Debt Limit Increase

Floor Speech

By:
Date:
Location: Washington, DC

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Ms. WASSERMAN SCHULTZ. Madam Speaker, I rise today in firm opposition to this resolution, a political stunt that prevents the increase in the debt limit that this Congress has already approved.

This is a dangerous distraction from our efforts to move the country forward, support continued economic growth, and promote job creation, and it flies in the face of the Budget Control Act, which 174 House Republicans voted for last summer.

In 2011, my colleagues across the aisle caused multiple self-inflicted economic crises with the specter of defaulting on our Nation's debt each time they played with fire regarding the debt limit. The Republican majority simply has not learned that these kinds of empty, partisan measures can cause immediate harm to our economy and hurt working families everywhere.

This resolution is nothing but a deeply harmful and dangerous charade: dangerous for Americans still struggling to find work, dangerous for our economy that is depending on a robust and focused recovery, and dangerous for our responsibility as a legislature, tasked not with these grand charades of brinkmanship but of safeguarding the well-being of our Nation.

We have already seen America's credit downgraded and have watched as other nations have faced the worst of default. It is time to stop holding our economy hostage to an ideological agenda. I urge my colleagues to reject this resolution and protect the full faith and credit of the United States of America.

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