Jack Reed actually said...

"I completely concur, and I think the solution is to appropriately raise the debt ceiling, deal with the fiscal issues of the deficit that we face, and we are trying to do that."

"So a failure to raise the debt ceiling would be probably the most significant and immediate increase in the deficit that we are likely to see, the one act that would dramatically increase the deficit?"

"Pass the debt limit."

"I think this issue of sort of, well, if they do not have appropriate oversight by the appropriators, they just will not be accountable to the American people defies the financial system we have in pla..."