Tuesday, May 31, 2011

"Our Country Has Always Paid Its Bills"

Perlmutter Supports Sustained Economic Recovery; Votes to Avoid Default Crisis

Washington , DC -- Today, Congressman Ed Perlmutter (CO-07) supported efforts to ensure job growth and sustained economic recovery by voting to avoid a default crisis.

Perlmutter stated, "Our country has always paid its bills. We need to act responsibly, and stop playing politics with our economic security. We are all in this together, and I know we will responsibly pay our debt and tackle our large deficit by ensuring people can get back to work in our country, protecting Medicare and maintaining the promise we made to our senior citizens.

Unfortunately, House Republicans continue to gamble and play games with our economic security by voting to default on our country's loans. Defaulting on our loans would result in half a million more Americans losing their jobs. For Coloradans, it would mean higher interest rates on our mortgages, student loans, credit cards, and even higher gas prices.

We know Medicare didn't cause our debt. Over the past decade Republicans in Congress took a record surplus and turned it into a record deficit by prosecuting two unpaid-for wars, giving trillions in tax giveaways to billionaires and millionaires and let Wall Street gamble with our financial security."