[Congressional Record Volume 169, Number 89 (Thursday, May 25, 2023)]
[House]
[Pages H2616-H2617]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          DEBT CEILING CRISIS

  (Mr. McGARVEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. McGARVEY. Mr. Speaker, I know I am new here, but I came here to 
work--to work across the aisle and to actually get things done. But 
here we are on the eve of our country's default, and my Republican 
colleagues aren't even here to work with.
  This isn't difficult. The United States Government contracted for and 
received goods and services. Now it must pay for them. We must pay our 
bills.
  Default would be catastrophic for the people in Louisville, Kentucky. 
New car loans would go up by $800. Mortgages for new homes would 
increase by $38,000. There are 317,000 families, seniors, and veterans 
who are at risk of losing their benefits, not to mention the long-term 
damage to our currency and reputation around the world.
  The alternative proposed by extreme Republicans is that we slash 
benefits to

[[Page H2617]]

our veterans and to needy kids instead of closing tax loopholes for 
billionaires and megacorporations. This is fiscally irresponsible, and 
it is morally wrong.
  Do better. Sign the discharge petition and get this done to save our 
economy.

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