On the recordJuly 29, 2011
If you think about what this debate ought to be about, it ought to be about America's economic security. It ought to be about making sure we are putting the country on a sustainable fiscal path and creating the conditions for economic growth, and I would argue there is a direct correlation between those two. If we do not get spending and debt under control, I think we are going to bankrupt the country, we are going to increase interest rates, we are going to make it more difficult and more expensive for businesses in this country to create jobs. So clearly there is a direct correlation between the issue of spending and debt and the economy. But the economy and the implications of what we do here on the economy ought to animate everything we do. We ought to be thinking about: How is this going to impact the economy? We should not be thinking about politics. That is why it was disturbing to hear the President say his prerequisite in all this is that we get through the next election. To me, that was a statement that was profoundly about politics and certainly not about America's economic security, which ought to be first and foremost in our minds. Subsequent to that, even yesterday, you had members of the President's team suggesting this might somehow disrupt the Christmas vacation.…





