On the recordMay 17, 2023
House Republicans are here, yet again, to urge President Biden to avoid the impending default crisis and strike a deal with House Republicans. We have to do this. For over 100 days now, Joe Biden and Democrats have wasted valuable time refusing to offer a reasonable solution to raise the debt ceiling and prevent our Nation from default. House Republicans did our job. We did it here. We passed the Limit, Save, Grow Act almost 3 weeks ago. Our bill is a really important measure because it will do a number of things. It will save taxpayers nearly $5 trillion. It will set commonsense caps on future spending levels. It will grow the economy, it will increase American energy production, it will lower prices on working families, it will defund this administration's aggressive expansion of the IRS, and it lifts the debt ceiling. This is responsible legislation. We got together, and we did our job. The bill has not changed, and neither has our position. We will not, under any circumstances, accept a clean debt ceiling increase. We can't do that. We have stewardship responsibility. Our fiscal house is not in order here, and this negotiation may be the only real opportunity that Congress has to address Washington's spending obsession and begin to get our debt under control until the next election cycle. We are $31.7 trillion in Federal debt. Inflation is sky high, interest rates are only continuing to rise, and, yet, what does this President do?…





