New Democrat Coalition Statement on Debt Limit Increase
The leadership of the New Democrat Coalition and the Coalition’s Tax Reform and Fiscal Responsibility Task Force released the following statement after the House passed a clean debt limit increase today:
“America’s families and business owners know that failing to pay the bills on time can result in disaster,” the statement read. “That’s why we’re grateful that Congress has chosen to uphold its duty to extend the nation’s borrowing authority and avoid the specter of an unprecedented, calamitous debt default. While we’re disappointed that vital legislation to give certainty and stability to our business owners and entrepreneurs failed to garner greater bipartisan support, we are ready and willing to work across the aisle to foster a climate for job growth and economic success.
Today, we reminded Americans that our nation’s creditworthiness is never up for debate. As leaders with real-world, practical private-sector experience, we are committed to ensuring not only that America pays its bills on time, but that we invest in our future.”
The above statement was endorsed by New Democrat Coalition Chairman Rep. Ron Kind (WI-03), Vice-Chair Rep. Gerry Connolly (VA-11), Vice-Chair Rep. Jim Himes (CT-04), Vice-Chair Rep. Rick Larsen (WA-02), and Tax Reform and Fiscal Responsibility Task Force Co-Chair Rep. Jim Cooper (TN-05).
The New Democrat Coalition is dedicated to maintaining America’s standing as the world’s strongest, most successful nation. Founded in 1997, the New Dems believe firmly in the power of American ingenuity and innovation, and are focused on finding ways to foster and harness this creativity to grow our economy, create new American jobs, and ensure a safer and more secure future for our country.
?###
Next Article