Providing for Consideration of Senate Amendment to H.R. One Big Beautiful Bill Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. KHANNA. Mr. Speaker, I never want to hear the Republicans lecture about fiscal responsibility again. The last President to actually balance this budget was Bill Clinton. Today, Bob Rubin and Larry Summers wrote an op-ed in The New York Times that every American should read.

Their budget will take the deficit up to 8 percent of GDP. It is historically unprecedented in the history of our country during peacetime. We never had a more reckless, deficit-exploding bill than what they are proposing.

The Democrats have a proposal to bring the deficits back down under 4 percent. Bob Rubin and Larry Summers were the last ones who have done it. Hakeem Jeffries is leading with a sensible proposal to lower deficits.

If you care about debt in this country, if you care about our grandkids being burdened with debt, if you care about a bond market devastation, then you need to recognize that this bill hurts America, and you need to support the Democratic plan for deficit reduction.

BREAK IN TRANSCRIPT

Source