On the recordDecember 5, 2012
We never would have gotten the BCA, whether you think that was enough or not enough, in August of 2011, in my opinion, without the threat of defaulting on our debt.
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congress.govEditor's note · Context
Coats reflects on the necessity of crisis for achieving budget control.
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It is essential, given the threats that we face today, that we are all in dealing with this issue.
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It's clear that we have assessed this as a very significant, potentially existential, threat to the United States that has to be addressed.
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That is -- that is something that I -- would like to withhold that question at this particular point in time.
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