Ellison, reading a statement from the caucus, said tea party-aligned members of the Republican Party have "held our economy hostage" by demanding large cuts and opposing tax increases in exchange for raising the debt limit.
Right now, radical Republican policy is jeopardizing our future. Instead of supporting a fair plan to prevent default on our nation’s debt, the GOP wants working families, seniors, and our most vulnerable communities to bear even more pain.
"At every step of the way, Republicans in Washington have blocked a fair plan. The American people are demanding that our government resolves deficits while maintaining our promises to the middle class."
What exactly has the GOP been up to all this time? Well, they’ve been busy attacking health care reform, education, women’s rights, consumer protection reforms, and plotting painful budget cuts that slash funding for programs vital to the poor and our seniors.
Republicans are playing a dangerous game with the debt ceiling. They would default on our nation’s bills and threaten to tank the economy in order to protect tax breaks for Big Oil and billionaires. We stood up to Wall Street greed by passing financial reform last year. This year, stand up to Republican greed.