why now? why has this become such a big deal? i think it s for the same reason you see in the credit agency comments from standard and poors and fitch and moody s, the underlying problem, the high levels of debt, record deficits must be addressed. even if we weren t having this discussion about to raise the debt ceiling or not, we would have to address this problem. this will have happened again at the end of september if it s not resolved here, that s when the continuing resolution ends for this year s funding. this is the underlying issue that has to be addressed. senator i wanted to play a little bit of the president s comments at la razza, we think maybe even the thunderstorms interrupted our coverage of that. this is what he had to say. he was very combative. he said we had to deal with taxes in some fashion. we can t deal with spending cuts alone. let me play a little bit for you. neither party is blameless for the decisions that led oour
i think it s for the same reason you see in the credit agency comments from standard and poors and fitch and moody s, the underlying problem, the high levels of debt, record deficits must be addressed. even if we weren t having this discussion about to raise the debt ceiling or not, we would have to address this problem. this will have happened again at the end of september if it s not resolved here, that s when the continuing resolution ends for this year s funding. this is the underlying issue that has to be addressed. senator i wanted to play a little bit of the president s comments at la razza, we think maybe even the thunderstorms interrupted our coverage of that. this is what he had to say. he was very combative. he said we had to deal with taxes in some fashion. we can t deal with spending cuts alone. let me play a little bit for you. neither party is blameless for the decisions that led oour debt. but both party haves a responsibility to come together and solve the proble