Transcript: Rep. Sander Levin’s statement H.R. 1954 to raise the debt limit
Transcript of Floor Statement on H.R. 1954
“To implement the President’s request to increase the statutory limit on the public debt”
Rep. Sander Levin (D-Michigan)
Ways & Means Committee Ranking Member
Bringing up this bill in this fashion is a ploys so egregious, the Republicans have spent the last week pleading with Wall Street not to take it seriously and risk our economic recovery.
If Republicans were being truthful, they’d admit they’re looking for political cover, but in their doing so, they risk blowing a hole in our nation’s economy. They’d acknowledge their timing is an efforts to change their subject, less than a week after their plan to end Medicare was dealt a major setback by voters in a New York special election whose Democratic winner will be sworn in tomorrow.
To act in good faith to solve our nation’s fiscal problems, the Republicans should focus not on this ploy but on the budget negotiations being led by the Vice President. Our nation’s debt is indeed a problem that requires serious solutions not ploys that risk another global financial crisis.
- Roll call vote 379 on H.R. 1954
- Bill summary and status on H.R. 1954 “To implement the President’s request to increase the statutory limit on the public debt”