We are faced with an important moment for our Nation: a moment of enormous economic uncertainty, a moment to significantly reduce our deficit and make the right choices for our future. The Boehner bill does neither. As a result, it has little support from either side of the aisle because it does not seriously reduce the deficit. It will ensure uncertainty in the markets for many, many months ahead, and it cuts $1 trillion over 10 years. Speaker Boehner had the opportunity, in working with the President, to reduce the deficit, not by $1 trillion but by $4 trillion, and he walked away from that plan. The Gang of Six made a bipartisan effort to reduce the deficit by $3 trillion, and he rejected that plan as well. This moment is about choices. Speaker Boehner made a choice to walk away from the plans that offered trillions of dollars in deficit reduction, and he substituted, instead, a political document with significantly less deficit reduction. This is not a serious proposal, and we have little time to avoid default. Let's stop wasting time. Members from both sides of the aisle should reject this bill because it is an inadequate response to both deficit reduction and because of the harm it will do to our Nation's economy.
Share
More from John Schwartz
Let me begin by commending my fellow Congressmen, Hank Johnson and Congressman Butterfield, for their initiative and their advocacy in fighting for and speaking up for Medicaid expansion in each of our States that have not taken it. More…
I am opposed. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Schwartz moves to recommit the bill H.R. 444 to the Committee on the Budget with instructions to report the same back to…
Our Nation is facing serious economic and fiscal challenges. We have seen economic recovery over the last 4 years, but we have work to do. The fiscal policies that expire at the end of the year, known as the ``fiscal cliff,'' present a…
On rollcall No. 387, had I been present, I would have voted ``nay.'' ____________________





