[Congressional Record Volume 169, Number 89 (Thursday, May 25, 2023)]
[House]
[Page H2616]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          DEBT CEILING CRISIS

  (Ms. VELAZQUEZ asked and was given permission to address the House 
for 1 minute.)
  Ms. VELAZQUEZ. Mr. Speaker, today we are in the midst of a 
manufactured crisis that would have very real devastating consequences 
for the American people.
  The extreme MAGA Republicans have taken the American economy hostage 
and presented the country with two disastrous choices: default or 
draconian spending cuts.
  A default would erase millions of jobs, trigger a recession, 
devastate retirement accounts, and increase borrowing costs.
  On the other hand, the cuts being promoted by the extreme MAGA 
Republicans would take Medicaid away from millions, snatch food 
assistance away from families, and even slash veterans' healthcare.
  We need five moderate Republicans to sign the petition. New York 
State sent five moderate Republicans to the House.
  Where are they today?
  New York State, please take notice. When we needed them, they were 
not here doing right by the American people.

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