On the recordJuly 28, 2011
today the House of Representatives will vote on Speaker Boehner's short-term plan to raise the debt ceiling. As soon as the House completes its vote tonight, or this afternoon, the Senate will move to take up the message they send to us. It will be defeated. They know that, and the American people now should understand that clearly. No Democrat will vote for a short-term bandaid approach that will put our economy at risk and put the Nation back in the untenable situation we are in today in just a few short months from now. Economists have said a short-term arrangement holds many of the same risks as a technical default. Democrats are not willing to put our economy on the line for something such as that. It is something we cannot do for the good of the country. Our economy and the financial markets desperately need stability. Speaker Boehner's bill does not provide either. It does not provide stability, and it certainly doesn't help our economy in any way. I believe it is time for the tea party Republicans to stop resisting compromise. They must join Democrats and Republicans of good will to put the economy ahead of politics. The PRESIDING OFFICER. The Senator from New York.
