Political Quotes

Bob Wise: “By March 1, this country will default on its debt, that is right, for the first time in 209 years, this country runs the…”

On the recordFebruary 1, 1996
By March 1, this country will default on its debt, that is right, for the first time in 209 years, this country runs the risk of defaulting on the national debt. Now, I might express, Mr. Speaker, this is not debt, this is not voting to extend the debt ceiling so that you can borrow more for future spending. This is simply acknowledging and paying the debts you have already incurred. If you do not like future spending then you do it the old-fashioned way, you legislate it so you do not have any more. You cut the programs. This is honoring the country's debt that it owes.
Said by
Bob Wise
West Virginia
Source
govinfo.gov

Editor's note · Context

Discussing the risk of the U.S. defaulting on its debt during a floor speech.

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