No Budget, No Pay Act of 2013by Representative Linda T. Sánchez
Posted on 2013-01-23
SANCHEZ of California. I want to thank my colleagues on
the other side of the aisle for understanding the need to stop dancing
with default. Recognizing that we can't disregard our obligations to
seniors, veterans, and active military is a first big step. But this
legislation doesn't create the long-term certainty that our economy
needs. The small business owners that I talk to tell me that they need
certainty before they can invest in their businesses and hire more
Instead of providing small businesses the long-term certainty they need, the Republican-led House is just playing games. They're stringing the American public along so they can set up yet another dramatic showdown that only hurts our recovery. The mere mention of default sends markets plummeting, dries up hiring, and pulls the rug out from under consumer confidence.
Businesses in my district and all across the country can't afford more tantrums threatening defaults and government shutdowns. It's our job to find a solution and give businesses, the markets, and American families the long-term certainty they deserve. This legislation isn't a long-term solution. It's yet more irresponsible gamesmanship.
Mr. CAMP. I reserve the balance of my time.