I will be brief. I have been asked by a number of people how I feel about the efforts made to get the United States out of the quandary in which it now finds itself over the debt limit. Let me be very clear. I applaud President Obama and Majority Leader Reid for real leadership and persistence over many months in trying to find a bipartisan solution to the debt crisis. Senator Reid has put forward a solution that would end the current crisis and reduce our unsustainable national debt. This is a solution that has the potential to draw support from lawmakers from both parties who are willing to put common sense and the national interests above partisanship and ideology, those who would say rather than party first let's go country first now we have a framework for a solution. By repeatedly walking away from the table and insisting on their way or no way, those who are holding the American people and our economy hostage are playing ideological games with serious consequences for everyone else. Through their tactics they threaten great risk to the well-being of ordinary Americans. The longer this goes on, the greater the danger of lasting damage below the waterline of our democracy. Right now Leader Reid's $2.7 trillion debt reduction package is the best chance--really is the best chance this country has--to avoid a default and a credit rating downgrade that would damage our fragile economy. It would also impose a credit tax hike on every American family.…
On the recordJuly 26, 2011
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