Lipinski Opposes Republican Plan that Fails to Deliver the Bipartisan Compromise Needed to Avoid Default (July 29, 2011)
Today, Congressman Dan Lipinski (IL-3) voted against S. 627, a House Republican proposal that fails to deliver the bipartisan compromise needed to pass both houses of Congress and avert a default while lowering the deficit.
“I continue to favor a bipartisan ‘grand bargain’ that would raise the debt ceiling, cut spending while protecting the middle class, and end tax breaks and loopholes that benefit only powerful special interests,” Congressman Lipinski said. “I am deeply disappointed that the two sides have abandoned such an approach, which could have resulted in a historic deficit reduction package, leaving us instead to find common ground between two competing plans that donot do as much to address the national debt. Unfortunately, as Republicans are well aware, S. 627 does not represent a compromise that can pass the Senate and thereby avoid a default. Rather than a compromise, it is a negotiating position. As it stands, time is running out for striking a deal to avoid what both sides agree cannot happen: a default that would endanger our economy at a time when 14 million Americans are unemployed and job creation has slowed to a trickle. Unless a compromise occurs, it is hardworking middle-class Americans who will pay the price.”
(July 29, 2011)
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