On the recordMay 8, 2013
I have been around this place a long time, and I've heard of people who did not read bills. I have heard of people who did not understand bills, but I have never seen a circumstance such as today where the truth was being held hostage. The facts of the case are very simple. Republicans today are offering a mechanism to the President of the United States and the American people that says, if we do get in a circumstance where we do not extend our debt to further allow the Federal Government to buy more debt to pay its obligations, then we offer this opportunity, and that is that the government can, even when we're in a circumstance where we cannot borrow more money, and let's say we spend 60 percent that we get money in but 40 percent is the debt that we can no longer have available to pay our obligations, about a 60/40 split, then we're allowing the Federal Government to go borrow more debt to pay its obligations so that it doesn't compete against the money that does come in to pay the bills of the United States as the President of the United States would choose. I've never heard of a more reasonable option. We're not telling the President how to spend the money. We're giving authorization for new debt to pay our debt obligations. That's not cutting people off. It's not truthful to say we're going to do that. Anybody that tells you that didn't read the bill.…
Source
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