Debt Ceiling Crisis

Floor Speech

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Mr. McGARVEY. Mr. Speaker, I know I am new here, but I came here to work--to work across the aisle and to actually get things done. But here we are on the eve of our country's default, and my Republican colleagues aren't even here to work with.

This isn't difficult. The United States Government contracted for and received goods and services. Now it must pay for them. We must pay our bills.

Default would be catastrophic for the people in Louisville, Kentucky. New car loans would go up by $800. Mortgages for new homes would increase by $38,000. There are 317,000 families, seniors, and veterans who are at risk of losing their benefits, not to mention the long-term damage to our currency and reputation around the world.

The alternative proposed by extreme Republicans is that we slash benefits to our veterans and to needy kids instead of closing tax loopholes for billionaires and megacorporations. This is fiscally irresponsible, and it is morally wrong.

Do better. Sign the discharge petition and get this done to save our economy.

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