On the recordJuly 25, 2011
Yes, Mr. Rangel, that is my opinion, because government debt as a triple A rated securities, the basis of our credit system, so much of the private sector depends on credit one way or another.
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congress.govYes, Mr. Rangel, that is my opinion, because government debt as a triple A rated securities, the basis of our credit system, so much of the private sector depends on credit one way or another.
Johnson argues that a government default would harm the credit system and shrink the private sector.
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