Schakowsky unhappy with debt limit compromise

Rep. Jan Schakowsky of Evanston this evening called the compromise plan to raise the federal debt limit "the wrong medicine for a sick economy."

Schakowsky in a statement said the bill could increase unemployment, slow economic growth and deepen already historic income inequality.

“For weeks Republicans in Congress, led by radical Tea Party members, have held hostage the full faith and credit of the United States, refusing to pay America’s bills until they could force huge spending cuts," Schakowsky said.

“Their mission has been to eviscerate everything from Medicare, Medicaid, and Social Security to the Clean Water and Clean Air Acts. Republicans intentionally created a crisis in order to get their way," she added.

“Though I have voted to raise the debt ceiling in the past, I cannot in good conscience support this deal which requires $1 trillion in spending cuts that make the middle-class, the poor and seniors sacrifice while millionaires and billionaires are not asked to pay a single penny for deficit reduction," Schakowsky said.

“It is clear where my district stands. Hundreds of constituents called my office today — 20 to 1 opposed to this bill," she added.

“Looking ahead, Congress must focus on the immediate crises:  a disappearing American dream crisis, a jobs crisis, a foreclosure crisis, and an income inequality crisis, Schakowsky said.

“The fight is not over after this vote.   I will work to make sure that job creation is our number one priority, that the wealthiest Americans pay their share and that our seniors are protected from harmful benefit cuts,” she said.

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