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Public Statements

Default Would Destroy American Jobs

Floor Speech

Location: Washington, DC

Mr. DOYLE. Mr. Speaker, Republicans want deep spending cuts with no new revenues as the price of raising the debt limit. Some Republicans have downplayed the impact that defaulting on the national debt would have on our economy and our people, and most Republicans have downplayed the impact on average Americans of the budget cuts they're calling for. This doesn't come as a surprise, but what is surprising is how out of touch they are with mainstream Americans.

Most Americans say their biggest concern isn't government spending; it's jobs. But rather than pursue a real job-creation agenda, House Republicans have passed legislation that would actually slow the economy and kill American jobs. Their demand for even bigger spending cuts in exchange for raising the debt ceiling is the latest and greatest effort yet to kill middle class American jobs.

They say either we cut government spending deeper, or they're going to force us into default, which every economist agrees causes a deeper recession and throws hundreds of thousands of middle class Americans out of work.

Mr. Speaker, it's time for House Republicans to get a grip and offer an agenda that actually creates jobs.

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