Lois Capps: “I rise is strong opposition to H.R. 2560. This misguided legislation is a ridiculous gimmick that has been dismissed as…”

“I rise is strong opposition to H.R. 2560. This misguided legislation is a ridiculous gimmick that has been dismissed as such by budget and economic experts on both sides of the aisle. It does nothing to pay our bills. It does nothing to create jobs and grow our economy. And it does nothing to address the rapidly approaching default crisis. So what would it actually do? It would destroy jobs and cause economic catastrophe. It protects tax breaks and loopholes for Big Oil and Wall Street by cutting the critical safety net programs seniors, children and American families depend on. And, it would double down on the draconian Ryan Budget, ending Medicare and more than doubling health care costs for seniors. Rather than wasting yet more time debating a bill that won't pass the Senate and would be vetoed by the President, we should be doing the one thing guaranteed to reduce our deficit immediately--create jobs. Yes, we must make tough choices to reduce spending and balance our budget. But these cuts must not endanger our economic future. We still need to invest in innovation, infrastructure and education to create the jobs today and in the future and to ensure a well-trained workforce to do those jobs. Putting people to work and helping businesses grow increases revenue streams and decreases budget deficits. This is the most effective way to reduce the deficit and pay our bills while still protecting our economic future.…”