Today, Rep. Joe Crowley (D-Queens, the Bronx), Vice Chair of the House Democratic Caucus, released the statement below following passage of H.R. 325, a Republican-led bill that would only temporarily extend the debt limit, jeopardizing the economic certainty the American people, businesses and markets need.
"This bill is a gimmick with the most serious of consequences: it puts at risk our economy and our future. Gone is the certainty American families need to save for retirement, pay their mortgage, or put their kids through college. Gone is the certainty American business owners need to hire more workers and grow their business. And, gone is the certainty the markets need to remain stable investments for workers to save for their future.
"The American people sent us to Congress to work, not to play games. Our focus should be on putting forward a clean debt ceiling that gives the American people, businesses, and markets the certainty they need, while working toward a balanced, bipartisan budget that works for all Americans. Creating false fiscal cliffs just shouldn't be on the agenda."
Congressman Crowley is the eight-term representative from the 14th Congressional District of New York, which includes sections of Queens and the Bronx. He is a member of the powerful Ways and Means Committee and serves as Vice Chair of the Democratic Caucus in the House of Representatives.