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Senate Proceeding 04-08-11 on Apr 8th, 2011 :: 1:06:35 to 1:07:40
Total video length: 9 hours 53 minutes Stream Tools: Stream Overview | Edit Time

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John Cornyn

1:06:32 to 1:06:53( Edit History Discussion )

John Cornyn: and we have been told by the experts that if interest rates were to go up, if, for example, we incur a period of inflation, that this number could explode into multiples of this figure, putting us into a death spiral, economically speaking, and we could end up like greece or portugal.

John Cornyn

1:06:35 to 1:07:40( Edit History Discussion )
Speech By: John Cornyn

John Cornyn

1:06:54 to 1:07:15( Edit History Discussion )

John Cornyn: the only problem is there's nobody out there to bail out the united states of america. the only one that can stop this is us. secretary geithner said that the debt limit ceiling has to be raised sometime in the period

John Cornyn

1:07:16 to 1:07:36( Edit History Discussion )

John Cornyn: between middle may and july. that is the big event. what we're talking about now is a preliminary scurm issue, albeit -- skirmish, all be it very important. i tell you this, mr. president, i do not intend to vote to increase the debt limit of the

John Cornyn

1:07:37 to 1:07:40( Edit History Discussion )

John Cornyn: federal government unless we can get systemic reform that will deal with this very problem.

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