Political Quotes

On the recordJanuary 30, 1996
indeed, there is in this country for individuals a whole credit counseling profession; that is, a group of individuals trained in counseling people about their credit needs. But there is no credit counselor available for a nation as large as the United States which for the first time in its history, through various political shenanigans, would default on its obligations. I know the gentlewoman referenced the action of Moody's. The reaction of one banker to Moody's comment that it would be placing this Nation on a credit watch, potentially, was the whole notion that U.S. bonds are on some kind of credit watch is wild. This is the kind of thing that happens to some companies, not to the United States. It is embarrassing, and it is embarrassing that a few people who call themselves leaders would countenance jeopardizing the full faith and credit of the greatest Nation in the world by doing this kind of thing, is it not?...
Said by
Lloyd Doggett
Democratic · Texas

Editor's note · Context

Addressing concerns about the U.S. potentially defaulting on its obligations and its impact on credit.

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