Washington, DC --- Today U.S. Representative Heath Shuler released the following statement after voting in favor of Senate Majority Leader Harry Reid’s bipartisan debt limit proposal:
“Today the House considered a proposal to raise our nation’s debt ceiling put forward by Senator Reid that draws ideas from both sides of the aisle. While it is not perfect, this bipartisan proposal offered a path to ensure the full faith and credit of the United States remained unquestioned and provided certainty to the global financial markets. This bill could have also allowed us to maintain our AAA bond rating, saving American consumers millions of dollars in interest on mortgages, car loans, and credit cards. It also cut federal spending in an amount equal to the debt limit increase and put in place statutory caps on discretionary spending. These would have been positive achievements that both parties should have supported. As this bill did not pass the House due to partisan gamesmanship, I will continue working tirelessly with my colleagues on both sides of the aisle who are genuinely concerned with doing what is right for our nation’s future.”
The Reid plan failed in the House by a margin of 173 to 246.
###
Rep. Shuler Statement on Senator Reid's Debt Limit Plan
Related Media Items
- Rep. Shuler Deficit Reduction Amendment Met with Bipartisan Support
- Rep. Shuler Statement on Retirement
- Rep. Shuler Statement on New Job Creation in Henderson County
- Rep. Shuler Statement on President Obama's State of the Union Address
- Test release
- Rep. Shuler Joins President Obama at Ft. Bragg to Mark End of Iraq War
- Rep. Shuler Statement on Failure of Super Committee to Reach Deficit Reduction Compromise
- House, Senate Democrats and Republicans to Super Committee: GO BIG
Share this Page
