AUGUSTA, Maine — Both of Maine’s U.S. representatives opposed House Speaker John Boehner’s latest proposal to avoid defaulting on loans.
Reps. Chellie Pingree and Mike Michaud, both Democrats, say Boehner’s proposal would hurt working families. Pingree also said it protects tax breaks for big oil companies and the richest Americans.
“This whole default crisis has felt like a hostage negotiation, and working Americans are being made to pay the ransom,” Pingree said. “It’s time to put the partisan politics aside and pass a simple up or down vote on raising the debt ceiling, just like it’s been done dozens of times.”
Michaud says the bill contains no shared sacrifice, and asks nothing of major corporations or the millionaires that benefit from a system tilted in their favor.
“I’ve heard from thousands of Mainers that want a balanced deal reached, but not one that could lead to the slashing of critical programs like Medicare and Social Security,” said Michaud.
Boehner’s proposal would provide a quick $900 billion increase in borrowing authority and $917 billion in spending cuts. Any future increases in the debt limit would be contingent on Congress approving the constitutional balanced budget amendment and sending it to the states for ratification.