Political Quotes

“If Congress does not meet its responsibilities, tomorrow the United States Treasury will have $31 billion in revenues and $52 billion in obligations. At that point, the United States would default, with a profound impact on the global markets, which are structured on the premise that U.S. Treasury bonds are the safest asset in the world. The stock market will tank, and interest rates will spike. Earlier this year, House Republicans passed a budget that spent $800 billion more than it took in. The logical consequence of that is to raise the debt ceiling. For the other side to use America's national credit as leverage is shameful, as shameful as Members protesting the closure of the World War II Memorial when they are the ones who voted to close it. Austerity and uncertainty kill economic growth. There is not an example in human history where an economy has grown itself out of a recession through austerity. Moving from crisis to crisis, as Congress has done in the last 3 years, has cost the American economy 900,000 jobs. Enough. Reject austerity. End uncertainty and open the government, and pass a debt limit bill. ____________________”