Over the last month House Minority Whip Steny Hoyer has regularly called for a clean vote to raise the debt ceiling despite warnings of the economic harm this could lead to. Stanford economist John Taylor recently stated linking the debt limit to spending reductions is “essential to a credible return to sound fiscal policy and an end to the ongoing debt explosion.”
House Republicans have made clear that any increase in the debt ceiling vote must be accompanied by significant spending reforms and reductions which are necessary stave off a looming debt crisis. But that hasn’t stopped Democrats for continuing to push a failed idea.
Hoyer Repeatedly Calls For Clean Debt Limit Increase. “Hoyer has also repeatedly called for a “clean” debt limit vote that is not tied to other fiscal demands, but that request is also likely to go unmet.” (Jessica Brady, “Hoyer To Lay Out Fiscal Policy Proposals In Speech,” Roll Call, 5/23/11)
Hoyer Says GOP Spending Cuts Should Be Off The Debate With Debt Limit Vote. “The Maryland Democrat urged Republicans not to “hold hostage the full faith and credit of the United States” by refusing to support raising the debt ceiling unless it is accompanied by a plan to reduce the national deficit.” (Felicia Sonmez, “Hoyer: Vote Against Debt Limit Was A Mistake,” The Washington Post, 4/12/11)
Hoyer On Clean Debt Limit Vote: “I’d Vote For That.” Minority Whip Steny Hoyer (D-Md.) said Monday that voting against a clean measure would be “holding hostage the credit of the United States.” “Well, when Mr. Cantor says it doesn’t have enough support, Mr. Welch has 114, of which I’m not one — I would vote for that,” Hoyer said, referring to Vermont Rep. Peter Welch’s coalition of Democrats calling for a clean vote. (Jake Sherman, “GOP Floats Test Vote On Debt Ceiling,” Politico, 5/3/11)