Political Quotes

“I thank the gentleman for yielding, for his ongoing leadership to bring this important legislation to the floor, and for the work of the Rules Committee ongoing to make sure that we have the right discussion on the floor to meet the needs of the American people. Mr. Speaker, multiple times now, the Democratic House has taken action to honor our responsibility to address the priority of the debt limit. We have done so because this is about protecting families. The failure to lift the debt limit could result in the loss of up to 6 million jobs, the elimination of $15 trillion in household wealth, and drastic increases in the cost of car loans, mortgages, student loans, credit card bills, and other borrowing. Our action also protects the American economy. When we say domestic economy, we are talking domestic, we are talking kitchen table when we talk about car loans, mortgages, student loans, credit card bills, et cetera, as well as jobs and trillions of dollars in household wealth. In terms of the domestic economy at large, our action protects the economy, preventing a decline in the real GDP of up to 4 percent, a surge in the unemployment rate, as I mentioned, and what JPMorgan Chase CEO Jamie Dimon called a: ``catastrophe of unbelievable proportions and damage to America for up to 100 years.'' This is also about the health of the global economy; kitchen table economy, broader domestic economy, national economy, the global economy.…”