I thank the ranking member for yielding. Last week, Speaker McCarthy came to my district to speak at the New York Stock Exchange to give a speech about this proposed default on America act. He threatened the Nation with economic catastrophe if we do not bend to the draconian cuts to spending for services that are essential to lifting up working and middle-class Americans. The DOA doesn't touch the Trump tax cuts for the wealthy. It doesn't touch defense spending. Instead, it solely targets domestic spending that hundreds of millions of Americans depend on, with an average cut of about 22 percent on those programs. In my district alone, which is in New York City, there are more than 200,000 people who rely on Medicaid who will be at risk of losing their coverage. In my district, there are 31 public housing NYCHA complexes that are crumbling that rely on funds from HUD just to maintain their poor condition, and those funds would be slashed. This is not a theoretical discussion. This will do real and devastating harm to people in my district and around the country. We must not pass this bill.
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