[Congressional Record (Bound Edition), Volume 157 (2011), Part 8]
[House]
[Page 11449]
[From the U.S. Government Publishing Office, www.gpo.gov]




          AMERICANS LOSE WITH PASSAGE OF CUT, CAP, AND BALANCE

  (Ms. JACKSON LEE of Texas asked and was given permission to address 
the House for 1 minute and to revise and extend her remarks.)
  Ms. JACKSON LEE of Texas. Mr. Speaker, I just heard celebration just 
a few minutes ago regarding the passage of the Cut, Cap, and Balance 
that really should be named the Tap Dance, Establishing the Losers Club 
for Americans, and the Busting of Benefits for Americans bill, because 
what we are doing is tap dancing around the responsibility of this 
Congress to in fact raise the debt limit as we have done 60 times.
  And, of course, we are establishing losers by the very fact that 
interest rates will go up, Social Security and other benefits, Medicare 
will be gone, U.S. credit will be downgraded and the Chamber of 
Commerce and hundreds of businesses will in fact be begging for us to 
lift the debt ceiling.
  But, more importantly, we will cause America's lack of paying her 
bills to hurt families and businesses. And let me introduce you to the 
losers. Now that this bill has passed, welcome to the losers: soldiers 
and their families, their grandparents and mothers and fathers who are 
back here in this country while they are on the front lines in Iraq and 
Afghanistan.
  Today we just voted H.R. 2650 to in fact establish a club of losers 
for these patriots who have served their country. What a shame. What a 
shame.

                          ____________________