Permitting Continued Financing Of Government Operations

Floor Speech

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Mr. VAN HOLLEN. Madam Speaker, I rise in support of H.R. 4314, which will increase the statutory debt limit by an amount sufficient to cover obligations through February 11, 2010.

As we take concrete steps to bolster our economic recovery while getting the nation's fiscal house in order, this measure will ensure the uninterrupted operation of government into the first part of next year. Insodoing, it affirms the full faith and credit of the United States, supports job creation and economic growth, and gives the House and Senate additional time to reach agreement on appropriate budget targets for the out years. Importantly, this temporary legislation is also offered alongside the House's twice-expressed commitment to statutory PAYGO legislation, whose use has been demonstrated to bring our budgets back into balance over time.

Accordingly, I urge a ``yes'' vote.

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