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Public Statements

Disapproval Resolution Relating to Debt Limit Increase

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. SCALISE. I thank the gentleman from New York for yielding.

Let's look at President Obama's record after his first 3 years. President Obama has left us a record of debt, despair, and downgrades, and here we are today debating whether or not President Obama is able to go grab another $1.2 trillion that he adds to the debt of our Nation that our children and grandchildren are going to have to pay.

The reason we were downgraded is because President Obama himself has still refused to put a plan forward to balance the Federal budget, his budget that he purported and pushed forth doubles the national debt in his first 5 years. And then, of course, he becomes the first President in the history of our Nation to have our debt rating, the debt rating of the United States, downgraded.

You know, you look at the despair as Americans are trying to get jobs. We're getting reports today that President Obama is going to reject the Keystone pipeline, turning his back on 20,000 American families who were looking for those good jobs here in America, making us more dependent on Middle Eastern countries who don't like us.

You know, the Canadians, who are a good friend of ours, wanted to send oil down to America. That's oil we don't have to be buying from Middle Eastern countries. Instead, the President is going to, as we're hearing reports of today, is going to turn his back on those 20,000 jobs. And he's going to send that oil and those jobs to China.

Now how preposterous is that? As the President is trying to rack up more debt on the Nation's credit card, which we're debating here today, at the same time he's turning his back and running 20,000 more jobs out of this country. That's the record of this administration. That's what President Obama has given us, and you wonder why we've had over 8 percent unemployment for almost every single month he's been President.

We can't afford the Obama economy. It's time for a change. We need to reject this increase in the debt ceiling. Stop spending money that we don't have.

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