x illinois   Set Clip Length:  to be confronted in the next
weeks and months as you and the chairman pointed out is the debt
ceiling. i hope we have all learned from our experience in the
summer of 2011 that it is irresponsible and reckless for the
united states to suggest that it will not meet its financial
obligations. the there's bondholders, social security
recipients, due to other people have contracted with the united
states government. in the house in the next couple weeks, we are
expected to take up a bill that says, you know what, we can
prioritize their deaths. based on that book take on first, but
other debts and obligations including this congress have taken
on, they don't have as high a priority. could you, mr.
secretary, secretary of the treasury comment on what impact it
would have on our economy and the signal is sent to the
international communist united states were to default on any of
its obligations? >> congressman, that notion you prayer a case
which is the obligation congress authors sho