Political Quotes

On the recordMay 9, 2013
I thank my friend, the ranking member. I rise partly in sadness, wholly in disappointment, that we are playing this game. How sad. I tell my other friend from Michigan, his amendment is sad, too, I want to say. It's a device to try to get people to vote for a bill that has no merit by making Members' pay somehow present in this bill. We ought to consider things on their merit, not on this political gamesmanship. Madam Speaker, for the second time, House Republicans have decided to put our country at risk by defaulting on its obligations. They know this bill is not going anywhere. They know the President would veto it, and they know Republican economists think this bill makes no sense. I won't ask the gentleman who chairs the Ways and Means Committee his real view on this bill. This so-called ``debt prioritization'' bill mandates that, in the event we hit the debt limit, we will pay China first, not our contractors doing business with us, not our Federal employees, not veterans--yes, Social Security is taken care of--not our military. We'll pay China first. That's what this bill says. No major creditor in this country would have a debt prioritization. Now, the secondary lenders and tertiary lenders, yes, have prioritization, but no major lender, no big corporation. They say, if we incur a debt, we'll pay it--not we'll pay this one first and you second or third or fourth.…
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
May 9, 2013

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