Political Quotes

“decades ago, President Reagan warned that debt ceiling brinksmanship ``threatens the holders of government bonds and those who rely on social security and veterans benefit . . . [and] the United States,'' he said, ``has a special responsibility to itself and to the world to meet its obligations. If President Reagan were around today, he might well be exiled by a modern Republican Party that in many ways seems dead set--dead set--on abandoning that special responsibility never to default. We have less than a month to go until we hit June 1. Every day wasted is another day closer to catastrophe. At stake is the well-being of families, retirees, veterans, kids, and the very stability of our economy. But by ramming the ``Default on America Act'' through the House-- totally partisan, knowing full well this bill can never become law-- Speaker McCarthy and the hard right have made the odds of default go up. By handing his gavel over to the hard right, the Speaker is giving the American people two terrible options: either default on the debt or default on the country, with steep cuts to law enforcement, first responders, veterans, seniors, and even cancer research. Just think how radical such an ultimatum truly is. It is a dramatic break from how both parties have approached default in the past. On one hand, a Republican default would crash the economy, increase costs, and kill American jobs. Unemployment would rise to at least 8 percent.…”