[Congressional Record Volume 157, Number 104 (Wednesday, July 13, 2011)]
[House]
[Page H4955]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   CLAIMING VICTORY AND SURRENDERING

  (Mr. COHEN asked and was given permission to address the House for 1 
minute.)
  Mr. COHEN. Mr. Speaker, our Nation and our world is at an economic 
crossroads, with the debt ceiling needing to be raised by the 2nd of 
August. Fortunately, I think some common sense appears to be coming 
from the Senate from Senator Mitch McConnell: the idea of surrendering 
but claiming victory, more noble than admitting defeat, and much more 
noble than putting this Nation and the world on an economic precipice 
all based upon the resistance of putting tax increases on the 
millionaires and billionaires in this Nation.
  People who have benefited and haven't hurt one iota are being told by 
the Republicans that they will not agree to a compromise if it causes 
an increase in taxes for the millionaires and billionaires, those tax 
breaks from the Bush years that helped cause this debt problem and 
caused the recession.
  So I praise Senator McConnell for claiming victory and surrendering 
in a noble way and keeping our economy. Hopefully, this project will be 
successful and save us from having a catastrophic Wall Street and bond 
market collapse.

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