[Congressional Record Volume 157, Number 103 (Tuesday, July 12, 2011)]
[House]
[Page H4869]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
RAISING THE DEBT CEILING
(Mr. WELCH asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. WELCH. Madam Speaker, President Reagan is an iconic figure in the
Republican Party and revered by many Democrats. He did fight to shrink
government and he lowered taxes, but he also raised taxes eight times
and he also fought against the absurd notion that America had an option
when it came to paying our bills. When the debt ceiling had to be
raised, he did it because he knew that was essential, that was our
responsibility.
We have got an argument on the other side today that paying our bills
is optional. That is dangerous; that is absurd.
There are two arguments the other side is making: One, that it's
Obama's problem, despite the fact that they insisted on the Iraq war,
the Afghanistan war, going into nation building, tax cuts that we can't
afford, Medicare prescription part D. But, second--this is what's
really not on the level--every single person who voted for the Ryan
budget voted for a budget that will raise the debt from $14.3 trillion
to $23 trillion. And after voting for that budget, now we will vote
against raising the debt ceiling that is required to implement the
budget that you voted for.
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