Matsui Statement on Ongoing Talks to Avoid Default

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WASHINGTON — Rep. Doris Matsui (D-Sacramento) on Wednesday released the following statement regarding the ongoing talks to reach a deal to raise the debt ceiling and avoid the U.S. defaulting on its loans:

“It is imperative that the United States pays its bills and avoids what would certainly be both a domestic and an international economic catastrophe. I remain hopeful that congressional leadership and the White House will be able to come to an agreement that meets the following criteria: avoids default; prevents a downgrade; ensures that our social safety net remains strong; without undermining domestic priorities such as education and infrastructure investments that create jobs and stabilize our economy in both the short and long-terms.

“Privatizing Medicare, Medicaid, and Social Security as the Republican plans would do is certainly not a reasonable or fair solution. It is irresponsible to advocate for a plan that ignores the needs of our seniors and middle class while keeping tax cuts for corporations who continue to ship jobs overseas, Big Oil, and Wall Street executives.

“I know that the American people are tired of watching the political games in Washington; the stakes are too high. We must reach a real compromise – one that will have bipartisan support, is fair to working families and seniors, and stabilizes our economy.”

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