[Congressional Record (Bound Edition), Volume 157 (2011), Part 8]
[House]
[Page 11159]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      DEBT CEILING MUST BE RAISED

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Madam Speaker, I have never been more concerned about 
our Nation's economic security and future. Just this week, Moody's 
warned that the U.S. may lose our top-notch AAA credit rating if we 
fail to increase our Nation's debt ceiling. Economists say that if we 
fail to do so, it will put not only our national capital markets in 
turmoil, but the capital markets internationally in turmoil. It will 
hurt American wages and jobs. The stock market will tank.
  A letter signed by hundreds of senior company executives and 
organizations agrees. It said, and I quote: ``Treasury securities 
influence the cost of financing not just for companies, but more 
importantly for mortgages, auto loans, credit cards, and student 
debt.''
  And yet some Members of this body have said that under no 
circumstance whatsoever will they ever vote to raise the Nation's debt 
ceiling. However heartfelt this may be, it is nothing short of a threat 
to commit economic suicide.

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