that is unacceptable. By my calculation, we have 4 days before we default on our debt, 4 days before the American economy suffers this mortal blow, 4 days before we default on America's full faith and credit for the first time in our history, 4 days while businesses across America are withholding agreements and negotiations that create jobs, 4 days where America people have to worry that if we default on our debt, the government will have to pick and choose those who will receive government checks in August. The Senator from Pennsylvania came to the floor for the last 2 days and said: Oh, if we default on the debt, we can manage that. Really? If we default on the debt, we will have $172 billion to spend and $306 billion in obligations. He said: Well, of course we have to pay interest on the other debts. We don't want to default on everything. OK. He said: Of course we have to pay everybody under Social Security. Yes. He said: Of course we have to pay our soldiers who are in combat. Agreed. All good ideas. Then he said: And then we will work the others out. Whom did he leave off the list? He left every Federal employee off the list. That would be all of the people working at the Central Intelligence Agency monitoring terrorists to stop them from attacking the United States. That would be the air traffic controllers in our airline system across America. That would be the Federal prison guards working the Federal correctional facilities.…
On the recordJuly 29, 2011
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