Fiscal Responsibility Act of 2023

Floor Speech

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Ms. WATERS. Mr. Speaker, I rise to support this bill to prevent a catastrophic default, which would jack up interest rates, eliminate 700,000 jobs, raise mortgage rates to over 8 percent, cut housing vouchers, and hurt small businesses and consumers.

All of this, because Republicans, who added $6.7 trillion to the debt under twice-impeached former President Trump.

Republicans claim they care about debt reduction.

But their leader, former President Trump said, ``I'm the king of debt. I'm great with debt. Nobody knows debt better than me.'' He said this to Norah O'Donnell in an interview on CBS.

Very recently, Trump said, ``I say to the Republicans out there-- Congressmen, Senators--if they don't give you massive cuts, you're going to have to do a default.''

Democrats support this bill because we refuse to allow our country to default on its debt.

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