WASHINGTON - Ways and Means Ranking Member Sander Levin (D-MI) today made the following statement in response to Chairman Camp’s introduction of a bill to raise the debt limit for the sole purpose of voting it down:
“The bill introduced today is a dangerous political stunt. Brinkmanship with our economy and our nation's obligations is highly irresponsible. We should set a framework for immediate and long-term deficit reduction, but not by ending Medicare and doubling seniors’ health care costs, as Republicans have advocated. And not by threatening a default that numerous economists and CEOs have warned would have calamitous consequences and jeopardize our economic recovery."
