Political Quotes

“So much of our discussion here this afternoon has been on what might happen in the future, and the prospects are dire, indeed. But I think it is important for the American people to understand what has already happened as of yesterday afternoon because at the same time our colleague, the gentleman from Texas [Mr. Bentsen], and I were trying to bring some sanity to this body and bring up a motion to go ahead yesterday and deal with the debt limit. Unknown to us, one of the leading credit rating agencies in the country was issuing a warning for the first time in history concerning the obligations of the U.S. Government. And I just turned to this morning's newspaper noting that, "In a warning shot fired at Washington, one of the Nation's leading credit rating services announced late today that it was considering lowering its ratings." Already, even before they take us right to the edge of that cliff and jump off in a kamikaze fashion, they have already issued this warning, and it would signal that the United States might soon have to pay more to borrow money.”