Dan Pfeiffer. The
White House
Right now, Congress has two jobs: to pass a budget
that invests in the middle class and to pay the bills it has already incurred.
But instead of doing their jobs, a few reckless
Republicans in Congress are so obsessed with refighting old political battles
over Obamacare that they're threatening to shut down the government and stop
paying the country's bills.
On Friday, these House Republicans voted to shut down
the government unless the Senate and the President agree to defund Obamacare.
This week, instead of playing those games, the Senate is set to send a simple
budget resolution back to the House -- one that keeps the government open for a
few months while leaders continue to work on a budget that creates jobs and
cuts the deficit in a balanced way. That's a reasonable solution.
But some Republicans still care more about scoring
political points on Obamacare than keeping the government open and our economy
moving forward.
This kind of up-to-the-final-hour brinksmanship is
beyond irresponsible, and it could reverse the hard-earned economic progress
we've made by creating another crisis. Unfortunately, we've watched them run
this play before, and we know what it looks like. Two years ago, these
Republicans held the economy hostage, and as a result our credit rating was
downgraded, the stock market plummeted 17 percent, consumer confidence dropped
like a rock, and businesses stopped hiring.
That's why it's time for GOP lawmakers to pass a
simple budget resolution that doesn't defund Obamacare and move on.
In the five years since the financial crisis began,
the American people have pushed the economy forward. Over the past 42 months,
businesses have added 7.5 million jobs. American manufacturing is growing
again, and the auto industry is back. We've reformed Wall Street so that no
company is ever again too big to fail and created the toughest consumer
financial protections this nation has ever seen. We've cut our deficit by more than
half, made the tax code more progressive, and reformed our health care system.
Today, there is record demand for American products
abroad, and our tech companies are booming. The housing market is coming back ─
sales of existing homes are up by double digits and new foreclosures are down
to the lowest levels since the start of 2006.
We need to keep building momentum. So we're asking
Congress to join the President in creating a better bargain for the middle class,
and give up on manufacturing a new political crisis. For that to happen,
reasonable Congressional Republicans have to stand up to a few extreme members
of their party for the good of the country and our economy.
From the day he took office, President Obama has been
open to any good idea when it comes to the budget, as long as supporting
middle-class families remains our North Star. Republicans won't extract
concessions over the full faith and credit of the United States.
Will you help spread the word? Share this message so
that people know what's about to happen to the economy if Congress doesn't act.
Dan Pfeiffer
Senior Advisor
The White House
@Pfeiffer44
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