On the recordJuly 27, 2011
I want to thank my colleague from California for reminding all of us that there are consequences for what we do here. This current wholly manufactured debt crisis has people very, very nervous. The women that Ms. Speier talked about, concerned and nervous about their Social Security checks, whether they will be able to get their medical care, and today's Wall Street Journal, the first five items on what's news, various businesses around the world and financial institutions being prepared for the first time ever in America's history that our debt may not be worth a hoot. It may be worthless, that we're going to default. This is a totally manufactured, unnecessary crisis. We didn't have to be here. I want us all to step back a little ways, step back to December 2010, when we had another manufactured crisis. It came time to fund the Federal Government and to deal with some issues having to do with unemployment. And the Republicans in the Senate held us hostage and demanded that we extend the high-end Bush tax cuts, which created a $700 billion deficit. We went ahead and did that, and rolled the issue forward 3 months so that in February we would have yet another crisis, the funding or the shutdown of the Federal Government. Yet again another opportunity for our Republican colleagues to create a crisis so that they could use it to force onto the American public their policies, which became very evident what they wanted to do. They wanted to reconfigure the entire American scene.…
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