Jeff Landry: “Let me help this body interpret how the American people see this debt crisis. Now some of you may question how I can…”

“Let me help this body interpret how the American people see this debt crisis. Now some of you may question how I can, with this accent, provide an interpretation. Well, let me show you. Americans have a keen understanding of how credit cards work. They know that each card holds a limit on it, and this limit is the borrowing limit on that particular card. And it is a fact that when one reaches the limit on his or her card, that they are unable to borrow more money or charge more at that time. Now it is not factual to say, however, that when one maxes out his credit card, that he is in default personally, or in layman's terms, that he is bankrupt. No. When one reaches his limit, you simply cannot use the card anymore. If you want to continue to use the card, you need to pay down on the principal amount that is owed. If and when you reach this unfortunate circumstance, you and your family are required to live within your means. As long as you can continue to pay the interest on the card and the bills that you have accrued, then you are not in jeopardy of defaulting. Of course you can only do this if you're employed and you have income, unlike the approximately 9.2 percent of Americans out there who are looking for us to do everything we can to help create private sector jobs. So this is where we are. Look, I don't believe if we fail to raise the debt ceiling that we will default.…”