Cole Opposes Clean Debt Ceiling Increase
Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after the House voted on legislation that would raise the debt ceiling without addressing fiscal policy or federal spending. Cole opposed the legislation today that passed the House by a vote of 221-201.
“Over the course of my time in Congress, I have been willing to work with the president and my colleagues on both sides of the aisle to protect the full faith and credit of the United States,” said Cole. “In previous instances, however, any changes to the debt ceiling have been accompanied by meaningful reforms to spending or contributed to ongoing economic recovery efforts. Support for this legislation would do neither. Instead, it would allow the federal government to rack up more debt without reforming the drivers of our debt. That’s not acceptable.
“Every negotiation requires a negotiating partner, but the president has remained intransigent and refused to find commonsense solutions. I have shown time and again that I am willing to work in a bipartisan manner to solve our nation’s most pressing economic problems, and I will continue to do so. The legislation presented today is not that solution.”
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