One day the House leadership says it will not force the United States into default. The next day the House leadership says it might force the United States into default. The majority leader says yes; the budget chairman says no. Mr. Speaker, nothing good can come from holding America's credit rating hostage to ideological extremism. The cost of credit to American business is at risk by reckless statements about forcing the United States into default. Threatening to force the United States into default is reckless and irresponsible. It makes it impossible for businesses throughout the country to plan for their needs in the credit market. We hear a lot of talk these days about our children's future on the floor of this House. Mr. Speaker, threatening to force the United States into default risks our children's future because it jeopardizes the gold-plated creditworthiness of the United States of America. Mr. Speaker, please do not hold the Government hostage again to ideological extremism. And, Mr. Speaker, please do not force the Government into default because of this extremism.
Editor's note · Context
Addressing the risks of threatening U.S. default during a debate on fiscal responsibility.
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