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Public Statements

The Sequester

Floor Speech

Location: Washington, DC

Ms. MICHELLE LUJAN GRISHAM of New Mexico. Time is short, Mr. Speaker. March 1 is just a few hours away, and the Republicans refuse to bring forward a balanced plan to replace the meat-ax approach to governing known as sequestration.

My constituents have been clear with me: We should stop the blame game, and we must stop this sequester from happening. New Mexicans are worried. They know what happens if we don't stop the sequester:

More than 750,000 jobs are at risk just this year.

Almost 10,000 New Mexicans won't be able to get the help and skills they need to find a job.

Small businesses, the backbone of our economy, won't be able to get the loans that they need to expand and grow.

Just in New Mexico, almost 7,000 civilian furloughs from the Defense Department, resulting in $42 million less in gross pay for those employees, forcing middle class families to deal with losses equal to one mortgage payment or more.

Lastly, one of my State's and district's largest employers, Sandia National Laboratories, has implemented a hiring freeze. This move will stunt economic growth and be devastating to New Mexico's economy.

I ask unanimous consent to bring up H.R. 699, a balanced bill to replace the sequester with spending cuts and revenue.

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