On the recordSeptember 23, 2021
I want to begin today talking about the debt limit by returning to three very frightening statistics. The first is $15 trillion. That is the amount of household wealth that a leading economist recently warned could be wiped out of the economy should the government default on its debt. The second is 6 million. That is the number of jobs that the same analysis said could be lost should a default become a reality. The third statistic is 9 percent. That is the unemployment rate our country potentially faces if we don't do our jobs to raise the debt ceiling. Now, none of these statistics, none of these numbers need become a reality if both parties unite in the coming days to pass the continuing resolution sent to us by the House. It would keep the government open for 3 months. It would provide funding for disaster relief and Afghan refugees. And, of course, it would suspend the debt ceiling until the end of 2022 so we can pay for the debt incurred at the end of the previous administration. Every single Member of this Chamber is going to go on record as to whether they support keeping the government open and averting a default or support shutting us down and careening our country toward a first- ever default. Democrats will be united in supporting the passage of the CR. It is the right thing to do for the American people, and it would immediately stop these unnecessary crises that are knocking at our doorstep.…





