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Public Statements

End Debt Default Crisis

Floor Speech

Location: Washington, DC

Mr. CARNAHAN. Madam Speaker, it is time to come together and put an end to this debt default crisis. Economists and business leaders warn us that failing to pay our Nation's bills would spell disaster for this economy. Interest rates would skyrocket, the dollar plummet, our modest economic recovery wiped away.

Are my Republican colleagues really going to continue to hold the U.S. hostage to protect special interests, subsidies for big oil, and profitable corporations sending jobs overseas at the expense of seniors? Are my Republican colleagues really going to drive this economy over the cliff?

Last year they promised America a jobs agenda, and now they confess they have none. Nearly a thousand of my constituents have contacted my office in the last two weeks concerned about the consequences of default. One writes: "If our elected leaders ..... let our country fall into default, it would be inexcusable. There must be compromise.''

It is time to stop focusing on political posturing and give the American people the leadership they deserve for a stronger American future.

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