On the recordSeptember 26, 2013
Mr. President, yesterday I warned of the economic consequences if a few extremist Republicans force a government shutdown. Already, the stock market has slipped, and that is an understatement. Five days in a row--the longest continuous period since 2012--the stock market has gone down, and they all say it is the result of the fear of the government shutting down. And why should the financial markets feel any differently? People are still speaking about closing the government. Now, the talk by a few Republicans over here has stopped the last 24 hours, but they over there are taking up where the long talk over here ended: Close the government. The tea party is still insisting on a shutdown. It is hard to comprehend, but it is true. The dark consequences do not end just by saying that. If the Federal Government closes its doors, seniors applying for Social Security will not be able to apply. Veterans applying for disability will not be able to apply. They would be forced to wait until the Federal workers return to their posts. The FBI, because of sequestration and other anomalies we have around here, is talking about furloughing their employees, closing their offices 1 day a week. Across the country, mortgage loans and small business loans would be delayed. Members of the military will be forced to defend this country without even a paycheck as thanks. Billions of dollars will drain from the economy every day the government is closed for business.…
Source
govinfo.gov




