“In fact, the legislation itself will be amended to include a debt relief provision, and that is something that will come back to us. “
The bill itself is not an ’emergency’ bill that can pass the Senate. “
In fact, the legislation itself will be amended to include a debt relief provision, and that is something that will come back to us.
“If we can’t do it before that date, then we will be in violation of the Budget Control Act. “
“And then, the next time the House and Senate are going to be in conference to do the fiscal cliff, we have no leverage. “
“We have no control over where we stand with regard to the debt or how long it’s going to take us to get to a debt reduction agreement, and so the idea that we are going back to conference and putting the debt on the table for the first time in history and then having a bill come back and say, ‘we’re going back on debt relief,’ I think is just an abdication of leadership. “
“I think that there are a number of reasons why we would not have the ability to do this if the debt had not been in default. “
“There are a few key things that are really troubling. “
“First, I think that the House is not willing to move on this, and they will not do it without some serious concessions, like putting in a debt limit increase, which would actually increase the cost of borrowing, which in turn would make the country more vulnerable, which could lead to a default and a recession. “
“Second, I would say that there’s a real danger that this is a bill for the debt relief, not a bill to fix the debt, which is exactly what we need to do to get out of this crisis and get us back on track. “
“Third, and this is the key, the debt reduction is a debt restructuring, which we can do now if we want to, but we can only do it if we have the money to do it, and there is no reason to think that we will have the cash to do that unless we have some money coming in to deal. “
“Finally, the bill itself, which has a number, if you will, of things in it that would affect the economy and the economy’s future, is not going in a direction that will actually create jobs and make the economy better for people, or that is going to help the economy, because that’s not what this is about. “
“It’s not going about raising revenue. “
It’s not about spending, and it’s not even about lowering spending, because we know that people are going bankrupt because of the lack of funding, and if we are to fix this, it has to be through spending. “
It’s not going about raising revenue.
“For the last five years, the American public has had their voices heard, and the debt is the single largest impediment to the economic recovery. “
The American public is demanding a debt-reduction bill that addresses their concerns, and any debt relief that comes in the Senate will be about the people’s interests. “
For the last five years, the American public has had their voices heard, and the debt is the single largest impediment to the economic recovery.
But that has never been the goal, the goal of the American voters. “
Now, the Senate has been able and willing to pass some bills, like the stimulus package, that will help our economy in the short term.
But that has never been the goal, the goal of the American voters.
That’s what we want. “
To try and do that through the debt resolution bill, that’s a goal we’ve had in the past.
That’s what we want.
“When the American citizenry is forced to endure a debt crisis because of a government-imposed debt that”
When the American citizenry is forced to endure a debt crisis because of a government-imposed debt that