David Price: “Since our Republican colleagues assumed the majority in January, we have swung from one artificially created crisis to…”

“Since our Republican colleagues assumed the majority in January, we have swung from one artificially created crisis to the next. In the spring, we barely dodged a government shutdown. Now we face an unprecedented and unnecessary crisis over raising the debt ceiling, an event that's occurred more than 70 times since 1964. And we're already hearing rumblings of another potential shutdown in October at the end of the current fiscal year. Mr. Speaker, the most baffling part of this legislation is that it requires us to have this debate all over again in 6 months. Time and time again, I've heard my Republican colleagues say that private capital has not found its way back into the market because of economic uncertainty. Surely the majority cannot believe that going through this debate again in 6 months would do anything to increase market stability or reduce uncertainty. Mr. Speaker, lurching from one politically motivated calamity to the next is doing our economy great harm. It's doing our country great harm. We need a bill that addresses the default issue for the long term, not one that will require us to repeat this madness in a matter of weeks. It's past time for the majority to bring such a bill to this floor, so that we can focus on bringing jobs back and building our economy for the long haul.”