Thank you very much for yielding. I rise in opposition to this rule and in opposition to the bill that we will vote on later today. And, yes, the Bush economic policies have really now come home to haunt us. It's shameful that the Republican Party continues their drive to plunge our Nation into default and our economy over the brink. And the bill that Speaker Boehner has unveiled today does exactly that. His plan fails to end the threat of default. And his plan targets, mind you, targets the programs aimed at America's most vulnerable, our seniors, our children, and our low- income families for more draconian cuts. And this plan would sign these cuts into the Constitution; it would sign these cuts into stone into the Constitution. Trying to balance the budget on the backs of the poor is morally wrong and it's economically bankrupt. This rule and this bill begin to erode and dismantle Medicare, Medicaid, and Social Security; and it creates more unemployment. There will be more job loss as a result of this rule and bill. Instead of creating jobs, the Republicans are holding our economy hostage once again and threatening to plunge our economy back into recession. Instead of quickly passing a debt ceiling vote and bill, the Republicans are marching lockstep towards default.…
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