[Congressional Record Volume 169, Number 89 (Thursday, May 25, 2023)]
[House]
[Page H2611]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          DEBT CEILING CRISIS

  (Mr. FOSTER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. FOSTER. Madam Speaker, the obvious solution to this threat to our 
economy is for the U.S. to join the rest of the world and simply repeal 
the debt limit.
  For years, I have been introducing legislation to do just that. House 
Republicans now insist that they want to drag budget negotiations into 
this discussion. Fine.
  Both parties agree that default is unacceptable. Both parties agree 
that our national debt must be dealt with.
  There are two basic ways to do this: First, by cutting tax breaks 
that allow billionaires to pay lower taxes than middle-class Americans 
or by cutting programs that help ordinary Americans: retirees, 
veterans, students, or just families that are trying to get their kids 
through school.
  As long as Republicans insist that the only thing that they will 
consider to solve this problem is 100 percent on the backs of the 
middle class and zero percent on the backs of the billionaires who fund 
their campaigns, then they are not negotiating. That refusal is putting 
our economy at risk.

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