WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) appeared on C-SPAN’s Washington Journal this morning:
Rep. Levin: “The debt ceiling is not a weapon against the President. It is really a weapon against the people of this country, because the consequences of a default would ripple throughout the economy of this country. … [Republicans] now want to have a debt ceiling threat that would cause further erosion in the stock market. That would essentially have things begin to go haywire. I guess Republicans are going to be thinking this weekend about how they proceed. I think they need to proceed with sensibility and common sense instead of an effort to be so extreme that you threaten the economy of this country."
