03/16/2011
https://www.congress.gov...
"What does it mean to me when I go to buy a car or to get a bank loan or to buy my house or to go to the grocery store?"
"How do you assess the risk that if we end up driving this car over the cliff with our eyes wide open, we could see a downturn in our economy?"
"It is a political risk."
"Can you think of anything that would be more destructive to my desire to pay down our deficit than to fail to raise the debt ceiling--raise the interest rate?"