On the recordOctober 13, 2013
For the first 15 to 18 days of debate, the market slowly slid about 800 points. Last week, when there was a sliver of opportunity and people thought maybe we would get the default off the table, that market shot up 300-plus points. The business community wants us to establish some certainty here so they can take their resources, invest in this economy and continue to move forward. We know the resources are there. They tell us that in our home communities. I had a business that just laid off another 400 people because of this shutdown. They are ready to grow their business interests out of Anchorage and around the globe, but the challenge for them is they are not sure what we are going to do. Within a couple of days when they saw a glimmer of hope, the market shot right back up, which tells us again that the market is ready. Some people said that yesterday's vote was just a partisan vote. No, we had to actually not default, so we supported not defaulting on our debt. I will have debate after debate on where we need to cut. Again, the continuing resolution cuts $70 billion on an annualized basis. We have met their number with that cut, and we are willing to keep to that agreement, but let's not throw the economy over the edge or crash it into the wall, as some seemingly want to do.





