Political Quotes

“we are now 1 week away from the unthinkable prospect of the United States of America defaulting on its loans for the first time in our history and not making good on promises we have made to families, veterans, senior citizens across the country. I am deeply disappointed we have gotten to this point. If we cannot come to an agreement by August 2, the consequences for our Nation and our economic recovery will be dire. A few weeks ago, the Bipartisan Policy Center put out a report that was actually authored by a former Bush Treasury official about what would happen if Congress failed to act and if the administration was forced to make desperate spending decisions in August. The scenarios were very grim. Potentially at risk were the benefits and health care we owe our veterans, loans for struggling small businesses, food stamps for people who are struggling to buy groceries, Social Security checks for our seniors, unemployment benefits for millions of workers who are desperately looking for jobs today, and even Active-Duty pay for our military. If the debt ceiling is not raised, we also face the very real and frightening possibility of our economy falling back into another deep recession, interest rates going up for our families and consumers, millions of workers losing their jobs, and small businesses being forced to close their doors. These risks are unacceptable.…”