The Republicans in Congress and the radical Tea Party members held hostage the full faith and credit of the United States. They wanted to create a crisis to claim their ransom, cuts to Medicare, Medicaid, and Social Security to the clean Water and Clean Air Acts.
Even the bi-partisan deficit reduction committee, whose final recommendations I did not agree with warned against deep cuts during a lagging economy. This bill could increase unemployment, slow economic growth and deepen already historic income inequality.
We need to stop wasting time on ideological crusades and address the real crises in America: the jobs crisis, the foreclosure crisis, an income inequality crisis, and the disappearing middle class.
I’m going to keep fighting in Washington, to make sure were doing what we can in Congress to make job creation a top priority, to protect our seniors from cuts, and to make sure that all Americans pay their fair share.