[Congressional Record Volume 169, Number 69 (Tuesday, April 25, 2023)]
[House]
[Page H1934]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    OUR NATION'S DEBT CEILING CRISIS

  (Mr. LaMALFA asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. LaMALFA. Mr. Speaker, since January, Democrats and the President 
have tried to falsely claim that House Republicans have no plan 
regarding the Nation's debt ceiling crisis.
  This week, we released our plan. As always, House Republicans have 
consistently argued for reasonable, responsible debt limit increases 
coupled with spending cuts.
  Every debt limit debate in this body has been achieved via 
compromise. It is absurd to think that our Democrat colleagues now 
demand unilateral increases to our Nation's debt and balk at 
Republicans for asking for something in return.
  Our plan, the Limit, Save, Grow Act of 2023, will save the American 
taxpayers $4.5 trillion over the next decade. We will limit Federal 
spending to fiscal year 2022 levels, which our government operated on 
just 4 months ago.
  In exchange, we will allow for a 1 percent annual growth in Federal 
spending over the next 10 years, which is a compromise.

  Included in the bill are clawbacks for around $60 billion in unspent 
COVID funds. The pandemic is over, and this money that has not been 
spent should be rescinded without delay.
  Also included in the bill is our Lower Energy Costs Act, which has 
already passed this Chamber with bipartisan support, lowering energy 
costs for American families.
  House Republicans' plan is economically sound, financially wise, and 
still allows for a debt limit increase of $1.5 trillion. This is a 
reasonable and responsible plan that will benefit all Americans.

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