Larson on The Debt Ceiling, Part Two

by Categorized: John Larson, D Date:

U.S. Rep. John Larson joined other Democrats in voting against a resolution put forth by Republican House leaders that temporarily suspends the debt ceiling.

\”The plan put forward by House Republican Leadership today only kicks the can down the road, and ensures the threat of defaulting on our bills in the coming months. This temporary patch only creates future uncertainty for the market, the municipalities struggling through difficult times, and most importantly for the American people,\’\’ Larson said in a statement following today\’s vote.

 “We saw what happened to the financial markets the last time the Republicans threatened to take the nation off the fiscal cliff. If we continue to deal with crisis after self-inflicted crisis, we will only add to the ransoming of programs like Social Security and Medicare for debt ceiling approval. The debt ceiling was raised 18 times under Ronald Reagan; it was raised seven times under George W. Bush. Since our country’s formation, it is only under President Barack Obama that Congress has ever considered defaulting on our bills.

 “When Republican leadership uses the debt ceiling as a hostage, the ones held to ransom are the American people, their pensions and 401ks, and the municipal bond rate. We cannot continue to kick the can down the road. We should take the debt ceiling and all of this uncertainty off the table, and do what our nation has always done: pay our bills.”

The Courant is using Facebook comments on stories. To comment on courant.com articles, sign into Facebook and enter your comment in the field below. Comments will appear in your Facebook News Feed unless you choose otherwise. To report spam or abuse, click the X next to the comment. For guidelines on commenting, click here.

One thought on “Larson on The Debt Ceiling, Part Two

  1. Connecticut is dying too

    Seriously John? Blaming Republicans will not make our unsustainable federal spending go away. You Washington pigs borrow 40 cents for every dollar you spend. Get a grip and problem solve. That’s why you were elected.

Comments are closed.