On the recordDecember 14, 2021
I thank the gentleman for yielding me the time, and more importantly, for bringing this important legislation to the floor. Now we say that with many bills, and let me tell you, Madam Speaker, what this means to America's families. America's families, as they gather around the kitchen table and figure out their priorities and how they are going to pay their bills is what keeps them up at night. We must lift the debt ceiling to cover the expenses already incurred. It is important to note over 95 percent of it occurred during the Trump administration, under 4 percent of it during the Biden administration. But sadly, Republicans have not only abandoned the responsibility they have in all of this, this is what it means to you. For families, a default could mean millions of American jobs eliminated, trillions in household wealth erased, reducing the value of the dollar and an immediate reversal of our strong economic recovery-- six million jobs already under Joe Biden--and having a terrible impact globally for decades to come. Just the discussion of not lifting the debt ceiling a number of years ago when the Republicans in Congress were refusing to do so lowered the credit rating of the United States of America. Our Constitution says and it makes clear the validity of the public debt of the United States authorized by law shall not be questioned. I point out this other fact.…





