Al Franken Debt Ceiling Speech: What's At Stake For Our Nation
On July 7, Sen. Al Franken (D-Minn.) took to the Senate floor to remind his colleagues and the public what is at stake in the debt ceiling fight, and excoriate Republicans for putting political gain over the good of the country.
"If the time between elections just becomes about jockeying for the next election, then what in the world is the point of getting elected in the first place?" Franken asked. "I thought we were here to work together constructively in the interest of the American people."
Talks between Democrats and Republicans stalled over the weekend, with Sen. Majority Leader Harry Reid (D-Nev.) accusing House Speaker John Boehner (R-Ohio) of taking a "'my way or the highway' approach," with Republicans pushing for a short-term deficit ceiling increase -- something Democratic leaders and the White House have ruled out.
The two sides must reach a deal by August 2 to raise the nation's debt limit in order to prevent the government from beginning to default on its debt.
In his July 7 speech, Sen. Franken laid out exactly what's at stake if the government fails to raise the debt ceiling: