OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Limit, Save, Grow Act of 2023

Floor Speech

Date: April 26, 2023
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. SCOTT of Virginia. Mr. Speaker, I rise today to oppose the reckless default on our debt act.

Unfortunately, those on the other side of the aisle have taken the full faith and credit of the United States hostage and have offered a terrible deal for the American people. Either they will inflict cruel cuts on vital programs for working families or they will destroy the economy.

Earlier this week, as has been pointed out, this plan was evaluated by Moody's Analytics, and they confirmed that almost 800,000 jobs will be lost. When they say the cuts aren't that bad, tell that to 200,000 children who will lose access to Head Start, 100,000 parents who will lose access to childcare, the 26 million students who are in title I schools who will get cuts in funding, or 6.6 million students who will lose money in Pell grants, or the tens of millions who will lose the funding for the student debt relief that has been promised.

These spending cuts are necessary, frankly, to pay for the Republican tax cuts that weren't paid for at the time. Eighty percent of the Trump tax cuts were scheduled to go to the top 1 percent and corporations, and now we are going to pay for them with cuts to education, healthcare, veterans' programs, and others.

I get tired of being lectured by the Republicans when it comes to fiscal responsibility because we know that every Republican Presidential administration since Nixon has left office with a worse deficit situation than they inherited, and every Democratic administration since Kennedy has left office with a better deficit situation than they inherited.

Democrats are ready to act to prevent a devastating economic default, just as we did three times under the Trump administration with little fanfare. President Biden and Democrats have already significantly cut the deficit, and we are willing to do more, but we want to do it in a way that is responsible and helps families. This bill hurts families, and we need to oppose the bill.

BREAK IN TRANSCRIPT


Source
arrow_upward