Debt Ceiling

Floor Speech

Mr. WELCH. Mr. Speaker, I understand our Republican colleagues are about to head off to their annual retreat in Cambridge, Maryland, to discuss their priorities for the year, including whether to raise the debt ceiling or not. My hope is that the majority party listens to Speaker Boehner on the debt ceiling. Earlier this month, he said:

All I know is we should not default on our debt; we shouldn't even get close to it.

The Speaker understands that America pays its bills. Good for him. The Speaker also understands that even the threat of default will harm the American economy. And he is right. The Speaker understands that holding hostage America's full faith and credit is a dead-end plan for his party and for America.

Speaker Boehner, I surely hope that you prevail on the majority party. America is not a deadbeat Nation. America pays its bills.

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