I want to shock him with the disclosure that I, in fact, am in at least partial agreement with the comments that he just made regarding the debt service, or, I am sorry, the debt ceiling and the extension of the debt ceiling. I would certainly not characterize the shutdown of the Government as, first of all, having been the responsibility of this Congress, but was, in fact, the responsibility of the President. I also think that the impact of a shutdown of the Federal Government is very, very different from the impact of a default on the full faith and creditworthiness of the U.S. Government. But notwithstanding those differences I, in fact, agree with you that the creditworthiness of our country should not be tampered with and that, in fact, the impact that such a thing might have would be far-reaching. Mr. Speaker, I had not specifically thought about the impact it would have on veterans, but you can be darned sure that it would have a tremendous impact on every single person who holds any kind of obligation bearing interest on any debt in this country, including mortgages, including car loans, including student loans, et cetera, et cetera.
Martin Hoke: “I want to shock him with the disclosure that I, in fact, am in at least partial agreement with the comments that he just…”
Editor's note · Context
Discussing the implications of the debt ceiling and government shutdown.
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