On Wednesday, U.S. Senator Todd Young (R-Ind.) spoke on the Senate Floor regarding his intent to vote against raising the debt limit. Read his remarks below.
Young
When I served in the House of Representatives, I walked into a lot of meetings back in Indiana full of conservatives who were angry about the debt limit.
- 2013. 2014. And more.
In each of those meetings, I made the argument that raising the debt limit was a necessary thing to do. And, in fact, it was the conservative thing to do.
I still believe that.
Defaulting on our debts will start a spiral of economic turmoil.
Interest rates would rise. The dollar would drop. Essential government workers might not get paid.
In those days, as a Republican in the House majority, we never failed to raise the debt limit. We also never failed to have a say in the spending that necessitated raising it.
And in 2019, we again raised the debt limit, this time through July 31, 2021.
Now, Democrats control the majority in both chambers.
With that control, the left has embarked on an unprecedented, reckless spending spree designed to remake America in their own image.
$1.9 trillion in March.
A $4.2 trillion budget.
Now $3.5 trillion on a reckless tax-and-spend spree.
You’ve decided to do all that on your own.
And now you want our help?
When you have a number of options at your disposal to raise the debt limit on your own, just as you’ve gone it alone on this spending spree?
A farmer back home over the August state work period told me it seems like the butcher wants to build a new slaughterhouse, and he’s asking the cows to co-sign on the construction loan.
I couldn’t agree more.
If Democrats had treated Republicans as a governing partner these past nine months, I might feel differently.
Instead, they’ve treated us as an obstacle.
America must never default on its debt.
A vote to raise the debt limit at this point in time is a vote to co-sign on the Democrats’ partisan and unprecedented spending spree. Republicans will not be complicit.
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Click here to view Senator Young’s full remarks.