Bill Archer: “It is fascinating to me to hear the arguments from the other side of the aisle, particularly in light of the fact that…”

“It is fascinating to me to hear the arguments from the other side of the aisle, particularly in light of the fact that on March 25, 1993, Leon Panetta said, ``It is important to tie the debt limit to other disciplines that people would like to put in place.'' Clearly this type of action has been sanctioned by the White House. I might also say to my friend on the other side of the aisle that we have passed a long-term increase in the debt ceiling as a part of the Balanced Budget Act. It was sent to the President, and he vetoed it. That is the reason why we are here today.”