On the recordJuly 30, 2011
I thank the gentleman for yielding. Let's just cut to the numbers and what this bill does. We've got a $14 trillion debt. This is going to raise the debt ceiling $2.4 trillion. It's going to achieve a savings of $18 billion in the first year. So just think of it the way the American people would see things. You've got a kid who has maxed out the credit card at $14,000. The kid goes to the bank, and the bank says, Okay. Here's what we're going to do. We're going to give you 2,400 more dollars on the credit card, but you have to promise us, over the next year, you're going to spend $18 less than you planned on spending. That's what this bill does. This bill doesn't even come close to starting to solve the problem. That's why we're against it, and that's why it should be defeated. Mr. McGOVERN. I yield myself 5 seconds. My colleague from California keeps on saying that the Boehner bill was bipartisan. I'll remind him that not one single Democrat voted for that bill because Democrats do not want to decimate Social Security, Medicare and Medicaid. At this time, I would like to yield 30 seconds to the gentleman from Pennsylvania (Mr. Fattah).
