Presidents' Debt Ceiling Request Fails

Mr. WILSON of South Carolina. Mr. Speaker, on Tuesday night, the people's House spoke loud and clear: No debt limit increase without real spending cuts to promote job growth. Liberals wanted to increase the debt limit by $2.4 trillion with no meaningful reforms. At a time when the Federal Government is borrowing 42 cents of every dollar it spends, the last thing Americans want to do is raise the government's borrowing limit recklessly killing jobs. Liberals in Congress need to attach real cuts to any increases they are seeking. That means for every dollar proposed to increase the debt limit, there should be one dollar in cuts. It makes sense.

Tuesday night's vote of 318-97-7 shows that the House is overwhelmingly in agreement with this debt limit increase being denied. Over 80 Democrats joined with the 237 Republicans to vote against the President's debt ceiling request. Adding more debt to our economy handicaps small business job creation and aggravates our country's debt crisis even further. This is a direct risk to senior citizens with the value of the dollar being put at risk. It's a threat to students who could be faced with overwhelming debt in the future.

In conclusion, God bless our troops and we will never forget September 11th in the global war on terrorism.

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