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  • Reid: Default Would Be A Plague That Haunts Our Nation For Years To Come

    07/18/2011 3:16:35 PM PDT · by mdittmar · 42 replies
    United States Senate Democrats ^ | Jul 18, 2011 | U.S. Senate Majority Leader Harry Reid
    Washington, D.C.– Nevada Senator Harry Reid made the following remarks today on the Senate floor regarding Senate Democrats’ meeting last week with Treasury Secretary Tim Geithner. Below are his remarks as prepared for delivery:Senate Democrats sat down with Treasury Secretary Tim Geithner, and he painted a picture of what our world will look like if Republicans in Congress force this nation for the first time in its history to default on its financial obligations.The picture was grim. This is how he described the state of our government if Congress allows this unprecedented default: “lights out.” He said default would result...