Jul 31, 2011

DCCC Chairman Steve Israel’s Statement On Short Term Default Act

DCCC Chairman Steve Israel released the following statement after House Republicans approved Speaker Boehner’s Short Term Default Act:

“Tonight it’s clear again that House Republicans are intent on balancing the budget at the expense of middle class families and seniors. Republicans chose to recklessly risk downgrading the nation’s AAA bond rating, raising interest rates for credit cards, car loans and even mortgages - all to protect tax breaks for Big Oil and billionaires.”

“House Republicans’ political games have brought us recklessly and dangerously close to defaulting on our debt. The clock is ticking and instead of meeting Democrats halfway, Republican leaders caved to the extreme right-wing.”

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