Linda Sánchez Statement on Speaker Boehner's Debt Ceiling Plan

Statement

Today, Congresswoman Linda T. Sánchez voted against Speaker Boehner's debt ceiling plan (S. 627). Congresswoman Sánchez released the following statement regarding the Speaker's bill which does not adequately address the default crisis and would lead to drastic cuts in Medicare, Social Security, and Medicaid.

"Speaker Boehner's bill is misguided and puts America at risk. The Speaker is asking for extraordinarily deep cuts to programs like Social Security, Medicare, and Medicaid--cuts that are unacceptable.

"The Speaker's plan could cause our country's credit to be downgraded, sending interest rates skyrocketing, which would be a disastrous turn for our economy. Residents of California's 39th District don't deserve to see their credit card rates go through the roof and their mortgages spiral out of control because House Republicans want to hold the economy hostage so they can dismantle programs like Social Security and Medicare.

"The Speaker's short-term approach does not solve the long-term problem and brings us right back to another standoff in Congress in just a few months. Solving our financial crisis requires shared sacrifice, but the Republican plan asks nothing of the wealthiest 2% of Americans. This Republican approach is unbalanced, unrealistic, and unfair.

"America's working families deserve better than this.

"I am hopeful that Speaker Boehner and House Republicans will join Democrats in supporting a balanced approach to deficit reduction that provides certainty to the economy."

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