Tim Ryan: “And at that time unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we…”

“And at that time unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we will be unable to continue to finance government operations. Now, that is where we are. Because of that number, my friends, because of that number and that number, the government will shut down unless we go out and borrow more money. That is irresponsible. I have got a friend back home. I won't give his last name. His first name is Dave. He is a banker. He consistently addresses this issue as we talk, how the country cannot keep going on and on and on borrowing this kind of money without putting the burden on the next generation. For those people who don't think this matters, your share of your tax revenues are going to pay off the interest on this debt. And those payments are going to the Chinese government and the OPEC countries, Mr. Meek. That is a shame. That is a dirty shame.”