On the recordJuly 19, 2011
I thank my friend, the ranking member of the Budget Committee, Mr. Van Hollen, for yielding. The American public are rightfully very distressed with the Congress of the United States. They're distressed that at a time of great challenge and great risk, that we fiddle while the debt threatens to burn us, to place our country in the position of being adjudged uncreditworthy. That is not worthy of this Congress or any one of us that serves in this Congress. We have 14 days, according to the Secretary Treasurer, until such time as America will be unable to pay its obligations, whether to foreigners or to people in this country. That is not a situation that will be looked at positively by the financial sector or by any one of our constituents whose ability to save, to have a 401(k) that is stable, to purchase an automobile or a refrigerator or send their kid to college will be put at risk because of increased interest rates. Not one of us will be held harmless if this Congress fails to do its duty. Ladies and gentlemen, we have had a number of efforts to get us to where we needed to be to get back to fiscal responsibility.…





