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Wyoming families aren't buying line that sky is falling and the earth with erupt

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Published on Oct 10, 2013

During a Senate Finance Committee hearing today, U.S. Senator Mike Enzi, R-Wyo., questioned Secretary of the Treasury Jack Lew on why President shouldn't be discussing long-term debt solutions in conjunction with an extension of the debt limit. In his comments, Enzi a discussed how the government shutdown could have be avoided had Congress done its job and noted that American is moving from crisis to crisis because of a willingness to ask for a credit increase without doing the work to prevent it from being needed in the future. Below are excerpts of Enzi's comments.

"This is the 11th time I've been through this discussion that the sky is falling and the earth will erupt. Wyoming families aren't buying these arguments. They're saying 'you can't spend more than you take in. And you definitely can't keep doing it forever and ever and ever'. I have a person that interned for me several years ago who now is the owner of a major company in Wyoming and operates in four states and he pays his people well. But every once and a while someone comes in and says "I need a pay raise". And he hands them a copy of David Ramsey's basic book that says you don't have a problem with income you have a problem with outgo. That's what the Wyoming people think; we've got a problem with outgo not income.

"Why do you and the President feel that we should not be discussing right now this dire financial situation and coming up with a solution that will put a little bit of room in there for something to be done right now. If these people are running up their credit card debt and they need to raise their limit, they're expected to say that they will do in order to be able to take care of their debt.

"We keep saying that this terrible thing is going to happen and that this is just paying our bills. How many times can we say that this is just paying our bills? The American public doesn't get that same option, and they don't think that we ought to get that same option."

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