[Congressional Record (Bound Edition), Volume 157 (2011), Part 9]
[House]
[Page 12182]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      BOEHNER DEBT LIMIT PROPOSAL

  (Ms. TSONGAS asked and was given permission to address the House for 
1 minute.)
  Ms. TSONGAS. Mr. Speaker, I recently heard from a long-term care 
facility in my district that is set to build an additional location, 
creating over 100 construction jobs and increasing the number of 
seniors able to receive quality care. The financing was in place. But 
when my constituent met with his bank this week about moving forward, 
the bank put the deal on hold. With the threat of a U.S. default 
unresolved, the bank was concerned that the facility's payments from 
Medicare and Medicaid would stop, leaving them unable to repay their 
loan.
  A 6-month extension, like the one being proposed, won't help my 
constituent reassure his bank or create the kind of long-term certainty 
needed in this still-fragile economy. I urge my colleagues to reject 
short-term proposals that push us to the brink of default again and 
again and call on the House to pass a plan that reduces the deficit 
while providing real long-term economic certainty to our financial 
markets, to our small businesses, and to the American people who need 
the jobs these businesses create.

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