[Congressional Record (Bound Edition), Volume 159 (2013), Part 11]
[House]
[Page 15932]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    SPINNING GOP WHEEL OF MISFORTUNE

  (Mr. DEUTCH asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DEUTCH. Mr. Speaker, once again the GOP has threatened the full 
faith and credit of the United States. Rejecting all warnings from top 
economists and business leaders, some of my Republican colleagues have 
actually claimed that default would be good for our economy; but the 
truth is, when you spin the GOP wheel of misfortune, everyone loses.
  How would a GOP default that deprives seniors of Social Security 
checks be good for our economy? How would a GOP default that pits 
foreign investors against America's disabled veterans be good for our 
country? How could ruining the U.S. Treasury bond status as the world's 
safest asset and hiking interest rates on American families be good for 
our economy? How could stopping payments for the doctors and nurses who 
care for Medicare beneficiaries be good for our economy?
  Mr. Speaker, the answer is that it can't be. The Treasury can't pick 
and choose which commitments to honor, nor should it have to.
  When you spin the GOP wheel of misfortune, there are only losers. 
Americans are disgusted when reckless games are played with our 
economic future. Be responsible, finally. Today, vote to reopen the 
government and prevent a default.

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