(The Center Square) – Members of the New Jersey House delegation mirrored their counterparts from across the nation and voted for along the party lines increase the country’s credit limit.
The US House of Representatives voted 219 to 206 for an increase in the debt limit and sent the measure to President Joe Biden for signature. The government is slated to fund the $ 480 billion increase through December 3.
The US Senate approved the measure last week.
“We need this measure to avoid an economic disaster,” said US MP Donald M. Payne Jr., DN.J., in a statement. “We have started to fully recover from the financial damage caused by the COVID-19 pandemic.
“We cannot afford to lose the jobs that have been regained and future economic growth because we were partisan over such an important piece of legislation,” added Payne. “Americans need our support during this national health crisis. We don’t want to punish them with a possible national bankruptcy. “
Conversely, Republicans say persistent excessive federal spending will only exacerbate the country’s financial crisis. The national debt is more than $ 28.4 trillion, but Critics say the number is higher.
“The left’s continued efforts to enforce reckless spending bills have led to the growing financial crisis we are currently facing,” said US MP Jeff Van Drew, RN.J., in a pre-vote statement. “Congressmen can’t just keep writing blank checks at the American taxpayer’s expense.
“Every American citizen has to set a budget and stick to it; Congress shouldn’t be any different, ”added Van Drew. “Democrats must take responsibility for their policies and continued spending on their socialist agenda, rather than spending money to secure our border and fund our police force. Ultimately, the Democrats have the means to raise the debt ceiling without Republican support, and I will not support this irresponsible law. “