This proposal that is brought to us today can be characterized by three words: reckless, hypocritical, and abusive. It's reckless because for the first time in history we're having people play an elaborate game of fiscal chicken, threatening the full faith and credit of the United States for their own ideological agenda; 102 times we have increased the debt limit since 1917, seven times for George Bush, even though he was fighting unfunded wars and proposing massive tax cuts. People are already paying the price right now as we are starting to see the stock market slide, premiums are increased for ensuring our debt, and there is doubt about where we are going forward. It is hypocritical because the Republicans have refused to actually back up some of their fanciful rhetoric in their Cut, Cap, and Balance amendment that would require massive cuts to budgets. Earlier this week, one of our friends from the Republican Study Committee had the temerity to offer an amendment to the bill that is being debated this week on appropriations for Interior and EPA that would have been 11 percent. And what did the Republicans do when faced with a bill that would actually make them impose the cuts that they envision? They ran away from it; 104 of them voted with responsible Democrats saying we're not going to go that way. They don't want to go that way. They're not stepping up and actually doing the cutting. They want to do it far in the future. Last, it's abusive.…
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