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Public Statements

No Budget, No Pay Act of 2013

Floor Speech

By:
Date:
Location: Washington, DC

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Ms. LINDA T. SÁNCHEZ of California. I want to thank my colleagues on the other side of the aisle for understanding the need to stop dancing with default. Recognizing that we can't disregard our obligations to seniors, veterans, and active military is a first big step. But this legislation doesn't create the long-term certainty that our economy needs. The small business owners that I talk to tell me that they need certainty before they can invest in their businesses and hire more employees.

Instead of providing small businesses the long-term certainty they need, the Republican-led House is just playing games. They're stringing the American public along so they can set up yet another dramatic showdown that only hurts our recovery. The mere mention of default sends markets plummeting, dries up hiring, and pulls the rug out from under consumer confidence.

Businesses in my district and all across the country can't afford more tantrums threatening defaults and government shutdowns. It's our job to find a solution and give businesses, the markets, and American families the long-term certainty they deserve. This legislation isn't a long-term solution. It's yet more irresponsible gamesmanship.

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