[Congressional Record Volume 169, Number 89 (Thursday, May 25, 2023)]
[House]
[Page H2612]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          DEBT CEILING CRISIS

  (Ms. MANNING asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. MANNING. Madam Speaker, Republicans are refusing to raise the 
debt ceiling, manufacturing a crisis to push their extreme agenda. They 
are ready to allow our government to default on its debt for the first 
time in our history, even though Republicans raised the debt ceiling 
three times during the Trump administration after passing almost $2 
trillion in tax cuts for large corporations and the ultra-wealthy.
  The default should matter to average Americans because if the 
government runs out of cash, it won't be able to make Social Security 
payments to seniors who rely on them; families on food assistance will 
go hungry; veterans won't get the care and the benefits they have 
earned.
  Defaulting on our debt will destabilize the U.S. financial system 
resulting in a recession, job loss, and spiking interest rates. This 
means it will be more expensive for people to get loans to buy cars, 
buy homes, attend college, or invest in their small businesses.
  It is time for Republicans to stop holding our economy hostage and to 
do their job.

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