Vote "No" On Debt Ceiling Legislation

Floor Speech

Mr. McNERNEY. Mr. Speaker, I rise in strong opposition to the majority's debt ceiling proposal.

Democrats and Republicans agree that raising the Federal debt is unsustainable, that the default is absolutely unacceptable, and that we must set our country on a course of fiscal responsibility. But the majority's unwillingness to propose a solution that has any chance of working is putting our economy at risk and threatening the wage earners and senior citizens of America. We can find good solutions, but this bill is not the way.

Now, in the few days that we have left, it will take all of us working together to find sensible solutions. Americans expect leadership from the President to solve this budget stalemate, and alternatives to the bill do exist.

Americans want jobs, jobs, jobs and a responsible budget. There is a better approach that protects wage earners and senior citizens. I urge my colleagues to oppose this legislation we are considering today.

Source