The rhetoric on the Hill is getting very heated and it's getting quite dangerous. The gun is at the head of the American economy and Congress is holding it and its got a hair trigger. We've got to pay our bills.
Peter WelchHistorically, the minority party in Congress votes against raising the debt limit, forcing the majority party to whip its members into casting politically painful votes in favor.
Peter WelchIf you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.
Peter WelchI favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.
Peter WelchThe Citizen's Petition reflects Vermont's spirit of pragmatism and across-the-board cooperation. I applaud the 'Campaign to Fix the Debt' for calling attention to one of the country's most pressing problems, our ballooning national debt, and for urging policymakers to find practical solutions.
Peter Welch