The Progressive Pulse - Debt bill passes House, divides NC delegation
by Clayton Henkel
With one day to spare before the August 2nd deadline, the U.S. House voted Monday to approve legislation that will raise the debt ceiling and cut spending by $2.1 trillion.
While the package prevents the U.S. government from defaulting on the nation's loans, critics note that it includes no additional revenue and makes deep cuts to public investments.
After voting against the bill, Democrat Rep. David Price released the following statement:
"From the beginning, I have said that any serious approach to deficit reduction must do two things: protect the fragile recovery, because the best cure for a budget deficit is a growing economy, and take a balanced approach to finding savings by putting all types of spending and revenues on the table. This agreement meets neither of these tests.
Instead of charting a responsible path to deficit reduction while continuing to invest in economic recovery, the bill imposes severe spending caps that will become even more severe if the deficit commission created by the bill fails to achieve consensus. Instead of taking a balanced approach that includes new sources of revenue, such as an end to special-interest tax breaks, the bill asks the elderly and working-class Americans to bear the brunt of the sacrifice. Why are we not asking the wealthiest Americans to make the same sacrifices other Americans have already been asked to make?
Finally, I also vote no because I refuse to legitimize the demands of ideologues who have recklessly held the national economy hostage to their extreme agenda. Governance by brinksmanship is not worthy of being called governance. The American people deserve better than a House of Representatives that forces the entire country to lurch from one artificially created crisis to the next. We are United States Congress, not the Tea Party's Congress, and it's time we started acting like it."
Here's how the rest of North Carolina's delegation voted Monday evening:
Rep. Howard Coble (R)
Rep. Virginia Foxx (R)
Rep. Patrick McHenry (R)
Rep. Sue Myrick (R)
Rep. Heath Shuler(D)
Rep. G.K. Butterfield (D)
Rep. Walter Jones (R)
Rep. David Price (D)
Rep. Larry Kissell(D)
Rep. Mike McIntyre (D)
Rep. Brad Miller (D)
Rep. Mel Watt Watt (D)
The U.S. Senate votes on the bill on Tuesday.