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Thompson Supports Measure to End Shut Down, Avoid Potential Default
October 16, 2013
Washington, D.C. – U.S. Representative Glenn ‘GT’ Thompson, Pennsylvania’s 5th District, tonight voted to support H.R. 2775, legislation to re-open the government, allow the U.S. Treasury to continue meeting the nation’s credit obligations, and continue spending reforms put in place by the Budget Control Act. The measure passed both the House, by a vote of 285-144, and the Senate, by a vote of 81-18.
“I’ve been calling for the political brinksmanship to end and I’m encouraged there is a measure that could get to the President’s desk; Washington cannot continue to operate in perpetual crisis-mode,” stated Rep. Thompson. "While this bill only provides a temporary extension to get us back to the negotiating table, I believe this measure was in the best interest of the country and puts us on track to address the larger budgetary issues, including the fundamental flaws of the President’s health care law.”
Summary of H.R. 2775:
• Prevents any potential for a default on the nation’s debt.
• Funds the government through January 15th at the fiscally responsible lower sequestration levels.
• Measures to prevent Obamacare fraud and abuse, including income verification for subsidies.
• Re-opens government and puts furloughed workers back on the job.
• Prevents any cost of living adjustment for Members of Congress.
• Creates a bipartisan, bicameral budget conference committee where long term growth and spending are to be addressed. (December 13th deadline).
• Imposes a more responsible debt ceiling process by which all 535 members of Congress and the President are held accountable.