On the recordApril 25, 2023
Now, Mr. President, for months, the American people have demanded House Republicans stop their hostage-taking and show us a plan to avoid default. Last week, House Republicans failed in their assignment yet again. Speaker McCarthy rolled out a wish list straight out of the Freedom Caucus playbook. It might as well be called the ``Default on America Act'' because that is exactly what it is: DOA. Instead of doing what both sides have done many times before-- avoiding default without preconditions--Speaker McCarthy and House Republicans want to force working Americans to accept either a punch to the gut or a blow to the head. Either the United States defaults on national debt for the first time in American history or MAGA Republicans get their way and America defaults on everything else--on our future and our security, on our promise to care for veterans and law enforcement and the American middle class. Either way, Republicans are promising real pain for American families when they bring their Default on America Act to the House floor this week. According to one study by Moody's Analytics, the DOA could send us into a damaging recession. So let me say it one more time. What Republicans released last week was not so much a plan as it was a threat to default on America. Either we default on the national debt or we default on everything else through extreme cuts that will harm millions of people.…





