On the recordJuly 27, 2011
I come to the floor today, as I think many of my colleagues have, to speak to the topic at hand, which is the debt ceiling debate we are having in the Congress of the United States. I have to say, I think Americans across the country are looking at us with disbelief, anxiety, and--I think rightly--anger. They awoke this morning hoping to find that cooler heads had prevailed and that all of us were working together on a plan that keeps our country from default and our economy from looming collapse. Instead, the headlines read that the Speaker of the House was again refusing to negotiate and that he is, in fact, delaying action in the House because of Republican upheaval against his own plan. I have to say, even if the House of Representatives passed a bill preventing default this evening, within hours, we would still be pushing our country right up to the edge of an economic catastrophe. In other words, what I am saying is, even though economists, market analysts, business leaders, credit rating agencies, world leaders, and the American people are begging us to find an agreement to avoid default on our debt obligations, we are no further along today than we have been in the many weeks we have been debating this issue. As the Presiding Officer knows, as a former Member of the House, I take no pleasure in criticizing the people's House.…





