There have been numerous proposals to permanently repeal this debt limit rule that triggers the automatic default by Members on both sides of the aisle.
Bill Foster: “There have been numerous proposals to permanently repeal this debt limit rule that triggers the automatic default by…”
Editor's note · Context
Foster mentions bipartisan proposals to repeal the debt limit rule.
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I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----
I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.





