Political Quotes

On the recordMay 8, 2013
I thank the gentlelady for yielding. Mr. Speaker, this bill would raise the debt ceiling, but only insofar as necessary and only for the purpose of paying our debts to China and to Social Security. Not raising the debt ceiling beyond what this bill does would mandate not paying Medicare beneficiaries or our troops overseas or our veterans here at home or anyone owed money for working for the Federal Government and would generally collapse the economy by forcing default on most of our debts. Raising the debt ceiling merely allows us to pay debts we have previously incurred--all debts previously incurred. We should recognize this simple reality by eliminating the debt ceiling and passing responsible budgets. But Republicans now use the debt ceiling to hold the entire country hostage unless the demands that they haven't figured out yet are met. This reminds me of a 1930s gangster film: it's a nice restaurant you've got over there; it's a nice economy you've got over there; pity if it should happen to blow up if you don't meet our demands. This Republican tactic has already brought about the first downgrade in the U.S. credit rating in history and has brought about brutal spending cuts that have punished the middle class, failed to help the millions of Americans looking for work, and weakened the safety net for working families and seniors. Mr.…
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Jerry Nadler
Democratic · New York

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