Sunday, October 20, 2013

SENATOR ELIZABETH WARREN'S (D-MA) LETTER



Massachusetts Senator Elizabeth Warren wrote this letter about why she is not celebrating the end of this shutdown.

Senator Warren was elected to the US Senate in November 2012. Then-candidate Warren was a keynoter at the 2012 Democratic National Committee in Charlotte. During her campaign for US Senate last year, a video of a speech she gave at a home in 2011 surfaced and went viral.

She was the chair of Consumer Financial Protection Bureau that was established with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Senator Warren earned her bachelor's from the University of Houston in 1970. She later received her Juris Doctor from Rutgers and taught law at various universities before teaching at Harvard Law School in 1992.

Senator Warren along with her daughter, Amelia Warren Tyagi, authored the 2003 book The Two-Income Trap: Why Middle-Class Parents Are Going Broke.

Letter is via Huffington Post.


I'm glad that the government shutdown has ended, and I'm relieved that we didn't default on our debt.

But I want to be clear: I am NOT celebrating tonight.

Yes, we prevented an economic catastrophe that would have put a huge hole in our fragile economic recovery. But the reason we were in this mess in the first place is that a reckless faction in Congress took the government and the economy hostage for no good purpose and to no productive end.

According to the S&P index, the government shutdown had delivered a powerful blow to the U.S. economy. By their estimates, $24 billion has been flushed down the drain for a completely unnecessary political stunt.

$24 billion dollars. How many children could have been back in Head Start classes? How many seniors could have had a hot lunch through Meals on Wheels? How many scientists could have gotten their research funded? How many bridges could have been repaired and trains upgraded?

The Republicans keep saying, "Leave the sequester in place and cut all those budgets." They keep trying to cut funding for the things that would help us build a future. But they are ready to flush away $24 billion on a political stunt.

So I'm relieved, but I'm also pretty angry.

We have serious problems that need to be fixed, and we have hard choices to make about taxes and spending. I hope we never see our country flush money away like this again. Not ever.


It's time for the hostage taking to end. It's time for every one of us to say, "No more."

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