Schwartz on Cut, Cap, and Balance

from the inbox:

July 19, 2011

SCHWARTZ: CUT, CAP AND BALANCE IS BAD FOR FAMILIES, BUSINESSES AND THE NATION

Washington, D.C. – U.S. Rep. Allyson Schwartz, senior member of the House Budget Committee, delivered the following speech today on floor of the U.S. House of Representatives during debate on the Cut, Cap, and Balance Act, H.R. 2560.

“I rise in opposition to the Republican Cut, Cap, and Balance Act. Republicans continue to play politics rather than do what is best for our country.

“They are once again holding American families and businesses hostage by threatening to allow the United States to default on its debt unless their extreme ideological demands are met.

“This plan is not the balanced approach that is best for our country. It ends the Medicare guarantee for seniors and slashes education and opportunity for the next generation of Americans.

“It inhibits our ability to foster an environment for private sector economic growth by cutting any chance of investment in scientific research and technology, roads, bridges and highways.

“The Republican plan is disastrous to our fragile economy and will devastate America’s future economic competitiveness.

“The Republican Majority has yet to produce legislation that puts the American economy back on track and Americans back to work.

“This legislation guarantees that we won’t meet our obligations as a nation to our seniors or to our children and it will dramatically reduce our ability to compete in a global economy.

“Make no mistake, the Republican plan is and has always been to Cut Social Security and Medicare, Cap economic opportunity, and Balance the budget on the backs of middle class families.

“Cut, cap and balance is bad for American families, bad for our businesses, and bad for the nation's economic future.”

Click here to see the video of her statement: http://www.youtube.com/watch?v=nxZjMnTXW88