Political Quotes

On the recordMay 17, 2012
It seems like Groundhog Day all over again. Earlier this week, GOP leaders laid down a new gambit on the old debate over whether to acknowledge our Nation's financial obligations. Those leaders have already abandoned the deal we made on the last debt ceiling package and are shifting all the cuts to education, infrastructure, and other vital domestic programs. Now they want another round of unsustainable cuts to these programs which will again bring us back to the brink of default. We know the possible consequences: Market collapse, jobs lost, more than $1 trillion added to the deficit every year, interest rates will rise. Just getting close to this cliff threatens the U.S. credit rating. We know that from recent experience. The Speaker has said, no, he doesn't want to abandon the debt ceiling, he doesn't want to violate the debt ceiling, he doesn't want to let the country go into default. But isn't this the same kind of uncertainty that our Republican friends say they are most concerned about? One day it's, Well, we're not going to raise the debt ceiling. The next day, No, I didn't mean that. We need certainty; we need stability, and we need to recognize this Nation's obligations. ____________________
Said by
John Yarmuth
Democratic · Kentucky

Share

More from John Yarmuth

Jul 19, 2022

What we are lacking is the bipartisan support needed to get it done.

congress.gov
May 25, 2022

The Rescue Plan laid the foundation for America's unprecedented recovery and economic resilience, and we are in a far better place because of it.

congress.gov
Dec 14, 2022

Several years ago, I ran into a former Member of the House and asked him whether he missed it. He answered: ``I don't miss the circus. I miss the clowns.'' Now that I am in my final days as a Member and have reflected on my 16 years here…

govinfo.gov

Other voices in this conversation