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Sen. Moran: America is Not Immune to Laws of Economics

Will vote 'no' absent serious plan to reduce deficit

WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) spoke this week on the floor of the U.S. Senate to voice his concern over raising the debt ceiling. Congress will soon vote on whether to raise the debt limit for the 11th time in the last decade.

Please find excerpts from his floor statement below:

“Delaying difficult decisions and simply increasing the debt ceiling once again should not be an option. The time to correct our failures is now. This debate has serious consequences today and into the future. If we fail to act as we should, we will reduce the opportunities for the next generation of Americans to pursue the American dream.

“This is the most expected economic crisis – we know what will happen if we do not act. It would be immoral to just look the other way. We are not immune to the laws of economics that face every country.

“To date, President Obama has provided little or no leadership on what I believe to be the most important issue facing our nation: our national debt. I recently informed the President that with no indication his willingness to lead will change, I will vote ‘no’ on his request to raise the debt ceiling. I do that because I believe that in the absence of serious and significant spending reductions, reform in the budget process, and a constitutional amendment that restricts the ability to spend money we do not have – our country’s future is in grave danger.”

Click here to view a video of Senator Moran’s comments.