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Mr. ELLISON. Madam Speaker, many words will be spoken at podiums on the House floor today, some helpful and illuminating, some not. But there are a few facts that need to stand in very stark contrast to all the din.
First, this has never happened in the history of the United States, not from the first Congress until this very moment, that a Congress, a caucus in this body, has tried to hold hostage the American economy in exchange for raising the debt ceiling. Never before, never. We will distinguish ourselves as a body that has failed and has deliberately harmed the American economy because of obstinacy, stubbornness, and recklessness. First time.
Second, in less than 3 1/2 days, our Nation will default. This will, without a doubt, cause a dramatic amount of cost on the American people in almost every aspect of our lives, whether it's in the area of credit cards, mortgages, car notes, or many other areas. Our State and local governments' costs will go up. Investors, pensioners, 401(k) holders will suffer. This is in no way helpful and in dramatic contrast to everything we have ever done before.
There is no doubt about it, Madam Speaker. The Republicans and the Democrats have a very different view of the role of government. Democrats believe that a government in partnership with a free market works well to guarantee a strong economy for the American people, and Republicans see almost no role for government at all and speak derisively and contemptuously about government all the time.
The SPEAKER pro tempore. The time of the gentleman has expired.
Mr. POLIS. I yield the gentleman 15 additional seconds.
Mr. ELLISON. The American people, I believe, will agree with the Democrats and history will bear us out as being on the right side.
Mr. SESSIONS. Madam Speaker, day after day the American people receive more bad news, economic bad news, about the shape our country is in. That is what Republicans respond to.
Today, news came out that the first quarter GDP that was provided by the Federal Government, first quarter, was actually wrong, dead wrong. They said the GDP growth was 1.9 percent. Today we find out it was .4.
Madam Speaker, the disastrous results of the Obama-Pelosi years are evident. Republicans want jobs. We need a middle class, and we are willing to fight for it. That's why we are here today with commonsense legislation.
I reserve the balance of my time.
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