You know, there is a place and time for negotiations. That's our annual budget and our annual appropriations process. We cannot afford to default. The default implications for people paying their mortgages and, you know, on their retirements. It is almost cataclysmic. If we were to default and even to have the brinksmanship that brings us to the is so dangerous for our economy, it has incredible ramifications. (00:06–00:21)
CLAIM
Asserts that a default would have severe negative implications for mortgages and retirements.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
