Senate Democrats

Reid Remarks On Averting A Catastrophic Default On The Nations Debt

“No one denies that this nation has work to do to reduce its debt. But Republicans who say this country should default on its debt today are the same Republicans who ran up that debt a few short years ago.” 

“Americans want Congress to reopen the government, take the threat of default off the table and sit down to talk about a long-term budget deal that creates jobs and strengthens the middle class. To that end, Senator McConnell and I met yesterday. And we will remain in touch. I hope to speak with the Republican Leader later today.” 

Washington, D.C. – Nevada Senator Harry Reid spoke on the Senate floor today regarding the importance of increasing the nation’s debt limit. Below are his remarks as prepared for delivery:

Yesterday, Republicans voted to stop the United States Senate from even debating legislation to avert a catastrophic default on the nation’s debt. Senate Republicans stopped this body from even discussing the single most important issue facing this nation: the loss of the full faith and credit of the United States. And they did so under the pretext that refusing to pay the country’s bills would somehow make those bills disappear.

No one denies that this nation has work to do to reduce its debt. But Republicans who say this country should default on its debt today are the same Republicans who ran up that debt a few short years ago.

These Republicans charged more than $4 trillion in tax breaks for the rich on the American taxpayers’ credit card. They paid for two wars, to the tune of $2 trillion, with borrowed money. And they rang up a $400 billion tab for a Medicare prescription drug plan.

These Republican spendthrifts ran up the nation’s credit card for years. Yet every single Senate Republican refused yesterday to even talk about paying the bill now that it’s due. This is the height of irresponsibility.

Americans want Congress to compromise. Americans want Congress to give the economy certainty and security, not more indecision and doubt. Americans want Congress to do its job. Americans want Congress to reopen the government, take the threat of default off the table and sit down to talk about a long-term budget deal that creates jobs and strengthens the middle class.

To that end, Senator McConnell and I met yesterday. And we will remain in touch. I hope to speak with the Republican Leader later today.

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