On the recordJuly 28, 2011
Madam President, I wish to underscore what the leader has said. The bottom line is very simple. Speaker Boehner is busy twisting arms right now to try to get his bill passed through the House, but it is a futile gesture because that bill is not going to pass the Senate. We have made that clear in the letter that 53 of us signed yesterday, and nothing has changed. The idea that we will take Boehner's bill and pass it or take Boehner's bill and tweak it and pass it is not what is going to happen. So we would urge Speaker Boehner and all of our Republican colleagues to sit down and negotiate. Throwing a hot potato over to us that will not pass just delays things a day, and we are simply 4 days away from one of the worst financial catastrophes that could face this country; namely, for the first time in our 230-year history, a refusal to pay the debt. That means the time for these kinds of political games and political posturing is over. Speaker Boehner is having a rough time getting the votes over there, but my guess is he will. But it will not make a darned bit of difference. It will not make a darned bit of difference because it is not going to pass this house, the Senate. It will not pass because a short-term extension risks the same things that no extension risks: a downgrade, a lack of confidence in the markets, and gridlock. We have seen gridlock up to now; 3, 4, 5, 6 months from now the same gridlock will occur. We cannot play with this kind of risky fire.…
Source
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