On the recordJanuary 25, 1996
That stigma of a bad credit rating has stayed with their family and prevented them from borrowing, when they had necessities that they needed for their family, for years. Does the gentlewoman have any idea of how long, if the Gingrich leadership forces a default for the first time in 220 years, how long it will affect the Nation to have its credit rating suddenly go below junk bonds and how much that will cost taxpayers for generations to come? ... The United States will never be able to say to the rest of the world, ``We will make good on our credit and our financial obligations,'' because of what will be done in this House in the next several weeks.
Source
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