A picture of Representative George Miller
George M.
Former Democrat CA 11
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    Providing for Consideration of H.R. 325, No Budget, No Pay Act of 2013

    by Former Representative George Miller

    Posted on 2013-01-23

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    MILLER of California asked and was given permission to revise and extend his remarks.) Mr. GEORGE MILLER of California. Mr. Speaker and Members of the House, at the end of the day when we vote today, we will simply be voting to kick the can down the road--which every Member of this House has told their constituents they no longer wanted to do--but we will kick the can down the road on the question of the debt limit of the United States and whether or not the full faith and credit of the United States will stand behind the bills that we owe the rest of the world, the businesses and our companies, individuals, people's retirement plans. That's all this bill does. Under some sort of camouflage about withholding pay, what have you, they kick the can down the road.



    You know, Americans are starting to realize that the economy is starting to recover after the devastation of the housing scandals, of the Wall Street scandals. Small businesses are starting to hire; spending over Christmas was reasonably good; the stock market is at a 5-year high; the housing market is coming back; builders are in fact building new homes because of the demand in housing.

    {time} 1000 All of a sudden, enter the Congress of the United States and it says that we're going to put the full faith and credit of the United States of America on a 90-day leash. We're going to take the greatest economy in the greatest country with the greatest responsibility in the world and we're going to put them on a 90-day leash.

    How does a great country respond on a 90-day leash? We know how it responded last time the world saw this happen. We got downgraded in the credit rating. That drove up the borrowing cost of the United States. That drove up the borrowing cost of corporations. That drove up the borrowing cost of counties and cities--the counties and the cities that we represent. And we're told again that should we falter on the credit debt of the United States, that we can expect a downgrade and we can expect a further downgrade in cities and counties all over the country, and somehow we're supposed to believe that this is a good plan.

    The SPEAKER pro tempore. The time of the gentleman has expired.

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