Political Quotes

“Madam Speaker, America was united in its disgust at the spectacle in Washington during the debt ceiling fiasco. The Republican threat of default ranks among the most reckless and destructive political stunts in modern American history. It undermined the fragile, but recovering, economy and reduced faith in the United States of America. It has also undermined the American people's trust in its government. There's no reason to have a debt ceiling at all. It doesn't restrain spending since the spending has already been committed. It just threatens our credit, and it weakens our country. That's why I, Representative Nadler, and Representative Moran introduced this morning the Full Faith and Credit Act, a bill to do away with the debt ceiling once and for all. {time} 1350 But if we are going to have a debt ceiling, the threat by Members of Congress to refuse to raise it is an outrage. We've already made these commitments; yet some would have us default. Some would undermine the full faith and credit of the United States. Some would do irreparable damage to our economy and our standing in the world. It's a disgrace. It's a total disgrace. And the American people see it for what it is: part of a concerted effort to undermine this economy in order to undermine the President and fulfill the congressional Republicans' Inauguration Day vow to do everything within their power to ensure that President Obama would be a one-term President.”