Congressman Chris Gibson voted yes on this plan releasing a statement
“To the extent that this bill is good it prevents us from mini skirt sale spiraling into a recession. It just gently throws us into a recession,” said Aaron Pacitti, Ph.D, an economics professor at Siena.
Pacitti says that while the government can continue to pay it’s bills, this plan is not a win for the economy or the American people.
“It will bring down growth and won’t have any positive affect on the unemployment rate,” he said.
And he says it doesn’t do much to actually tackle the deficit issue, focusing on small spending cuts and no real revenue gains. He says this debate was more about politics than the economy.
“It’s really just kicking the can down the road to another Administration and another Congress to deal with this,” said Pacitti.
The Senate is scheduled to vote on the plan Tuesday at noon and it is expected to pass it.
The White House says the president would sign it. dress skirts
Congressman Chris Gibson voted yes on this plan releasing a statement tonight saying, “This evening, after careful review, I voted yes on the final compromise agreement to avert our current debt crisis while cutting spending. The legislation cuts $2.1 trillion in spending, while protecting Medicare and Social Security. To be clear, my preferred approach was the Cut, Cap, and Balance Act. However, I believe the final agreement embodies those principles, and makes significant changes that will put us on a path of restoring fiscal responsibility. This is accomplished through cuts, enforceable caps on future spending, and a requirement to vote on a Balanced Budget Amendment to the Constitution. Quite simply, voting no would have demonstrated an unwillingness to compromise. My constituents sent me to Washington to achieve results and this bipartisan agreement is an important first step toward fiscal discipline”
Congressman Paul Tonko voted no releasing a statement saying, “I cannot support this job-destroying plan — and the reasons are simple. It asks for sacrifice from the middle class, while protecting tax breaks for millionaires and billionaires, subsidies for big oil, and corporate tax loopholes. It threatens to weaken Medicare and Social Security benefits. And it calls for cuts in domestic spending that will send more people to the unemployment line and weaken the economy. Overwhelmingly, my constituents have been calling my office to demand a balanced solution with shared sacrifice rather than an assault on the middle class. They want to protect Medicare and Social Security — and they want us to take action to create more jobs. This plan bows to the will of ideological extremists and wealthy special interests. It ignores the will of the American people and will further deepen the jobs crisis that continues to be my district’s number one concern. Two times over, I have voted in favor of plans to end this debacle, but I cannot vote for a bill that ends a manufactured default crisis by deepening a very real jobs crisis.”
Processing your request, Please wait....
