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Saturday, July 30, 2011

MACTV News Capital Hill: Representative Sheila Jackson-Lee (D - TX) Says Debt Ceiling Must be Raised for US to Continue its Obligations to Africa

Exclusive Interview: Congresswoman Sheila Jackson-Lee talked with MACTV President Menelik Zeleke

United States Rep. Sheila Jackson Lee (D-TX 18th District) says the United States needs to raise its debt limit so as to allow it continue to reach out developing countries especially in Africa.

In an exclusive interview with MACTV, the Congresswoman who represents Texas in Congress said that both parties need to agree on bipartisan basis so as not to put the world’s largest economy at risk of default and downgrade of its status. She told MACTV if the U.S. default of its obligations to raised the debt ceiling limit it will have major impact on the crises facing drought stuck Horn of Africa where hundreds of thousands of people risk starving to death.

According to Jackson, due to the inability for both parties to agree the global markets have been negatively affected with the Dow Jones dropping over 200 points, just as Asian markets have also recorded dramatic drop.

This, she pointed out is not good not only to the developed markets,but most especially for the developing markets that leverage on the growth indices of the advanced markets.

The Congresswoman told MACTV that instead of an opportunity for both parties to unite and move the economy, she is rather shocked to hear individuals saying no surrender, a language she said, is not appropriate for the American people.

Commenting on the activities of the tea party, the Congresswoman said it is unfortunate that they are trying to play game with the nation’s economy saying that will precipitate a global financial crisis which no one needs at a time like now.

“We need to be focusing on what is best for America now,” she noted.

For more up to date News visit our website: http://www.myafricachannel.tv or follow us on tweeter @mactv_dc

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