Political Quotes

“I wanted to rise in full support of the amendment by the distinguished Senator from New York. If ever there was a valid reason for stalling an increase in the debt limit, I believe it has evaporated. The basic agreement has been achieved on the objective of controlling the deficits that contribute to the debt. While policy disagreements still persist on some issues, including Medicare, there appears to be sufficient agreement on other budget issues to provide $700 billion in long-term savings. Surely, there has been more than adequate demonstration of good faith. The apprehensions of Moody's Investor Service with respect to the credit rating of the U.S. Federal securities should dispel any glib assurances that the Secretary of the Treasury can still perform acts of fiscal wizardry to stay under the present limit. We can only wonder what the motive might be of those who would delay further. There is no good purpose economically or fiscally. I want to commend the Senator from New York for raising this matter and bringing the amendment to the floor. The full faith and credit of the United States should not be clouded for another single day, and the Senator from New York is acting responsibly. I yield the floor.”