Rep. Maloney’s Statement in support of President Obama's debt ceiling position
NEW YORK, NY – Following last night’s televised statements by President Barack Obama and House Speaker John Boehner (R-OH), Congresswoman Carolyn Maloney (D-Manhattan, Queens) released the following statement on extending the national debt ceiling, which the U.S. Treasury Department has said is set to be reached on August 2, 2011:
“I strongly support President Obama’s position regarding the debt ceiling. I agree that reducing the deficit requires a balanced approach that reduces unnecessary spending while protecting crucial government services including Social Security, Medicare and Medicaid. I, along with my Democratic colleagues in Congress, am ready to agree to a long term solution that will create jobs and protect the middle class. Regrettably, House Republicans refuse to work with us and prevent the dire consequences of default by the government.
"The President made the choices very clear in his speech: prevent default by extending the debt ceiling, or face consequences that will hurt anyone who has a variable-rate mortgage, credit card, or student loan-- and further delay our country's full economic recovery.
"The best choice to prevent default is a balanced plan that protects Medicare, Medicaid and Social Security.
"The President's exasperation with this process is understandable. The House Republicans have walked away from every negotiation they've started on this topic."