Tim Huelskamp: “I appreciate the efforts of my colleague from Indiana bringing this before the House for discussion. The reality is, the…”

“I appreciate the efforts of my colleague from Indiana bringing this before the House for discussion. The reality is, the staggering fact is that since the President's reelection through to the next debt limit vote, Washington will have added about $1 trillion to our national debt--in exchange for what? For no spending reductions, in exchange for maintaining the status quo. This is not, as Democrats would argue, about paying our bills; it is about mortgaging our Nation's future. Not only must we vote ``yes'' on this resolution to disapprove of this culture of debt, but it is also time to bring long overdue transparency to the process. As we approached the so-called ``default deadline,'' the White House press secretary told reporters that Secretary Lew did not say we risked default at midnight on October 17; only that we were likely to exhaust our borrowing authority that day. The press corps, as you might recall, responded in disbelief that their doomsday default clocks may actually be wrong. Let's be clear: we were not going to default. Why do I say that? Ask the Vice President, who disappeared for a couple of weeks. It was the Vice President who went to China in August of 2011 and told the Chinese we would never default. Moody's said we were not going to default. The markets showed little volatility. They knew we would not default.…”