Mr. Speaker, I would respond to my colleague who just spoke about what we need the 2 weeks for. We all know what that 2 weeks is for. That is to see how we can in fact continue to try to hold this Government, this country, and the President of the United States hostage with regard to the debt limit. That has been the program all along in extending this debt limit in 2-week periods of time. Let me just say that I am going to support the proposal this morning because I believe it is the right thing to do, to have a clean debt limit to be extended. But this is an irresponsible action on the part of my Republican colleagues. This is a temporary measure. Everyone should understand that. This is for a 2-week period of time. Do not take the word 'debt limit,' use and substitute for that 'credit rating.' What we are discussing and talking about here today is the credit rating of the United States of America. Let me tell the Members, if the Congress or the Republican majority does not understand credit rating, working men and women in this Nation know what that is all about. When your credit rating gets muddied, you are in a bad, bad situation and you cannot get a credit in the future. That stays with you for the remainder of your life.…
Maxwell Frost: “Mr. Speaker, I would respond to my colleague who just spoke about what we need the 2 weeks for. We all know what that 2…”
Editor's note · Context
Addressing the implications of extending the debt limit during a House floor debate.
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