Political Quotes

On the recordMarch 7, 1996
I wish to join my esteemed chairman, the Senator from Delaware, in stating that, indeed, this legislation is necessary. It is in fact urgent, a fact which in and of itself speaks to the awkwardness with which Congress has approached the most elemental of duties, which is to ensure the full faith and credit of the U.S. Government. Here we are in a fiscal year that began October 1. We can look out the Senate doors and there in the park between here and the Supreme Court we see spring rains; we see spring buds; the daffodils are all but upon us; and we still have not extended the debt ceiling, which we will have to do. We are now in an extraordinary pattern of putting in jeopardy the world's primary currency, the world's largest economy but also the world's largest debtor nation. The full faith and credit of the United States is of interest not just to Americans but to the world itself. I hope we will, indeed, make this extension.
Said by
Patrick Moynihan
Illinois

Editor's note · Context

Discussing the urgency of extending the debt ceiling during a Senate floor debate.

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