On the recordJuly 30, 2011
Today, the House of Representatives considered and rejected the proposal placed by Senate Majority Leader Reid before the Senate. While this is not remotely the solution we need, I voted in favor because this is the best the Republicans in the Senate will allow. It is imperative that Congress keep the hope alive that we will avert default on our nation's obligations. This bill is likely the last and best proposal we will see. Speaker Boehner stated on the House Floor that he was ``sticking his neck out a mile,'' as he negotiated with the President on this issue. If he truly was sincere about this, Congress easily could have found a bipartisan solution to avoid the debt-ceiling crisis and start down a path of fiscal sustainability. I must point out that this crisis is wholly artificial and manufactured, and that the Speaker easily could have avoided it, had he chose to. While I voted yes today, at some point there are worse outcomes. This action, and Congress's failure to find a longer-term compromise, is a looming cloud over our finances. Repeatedly facing similar self- manufactured crises will further damage the economy and family savings. The sad fact is we did not have to take this path in the first place. The SPEAKER pro tempore. The question is on the motion offered by the gentleman from California (Mr. Dreier) that the House suspend the rules and pass the bill, H.R. 2693, as amended. The question was taken. The SPEAKER pro tempore.…





