Schrader Supports "Gang of Six"

Oregon 5th District Congressman Kurt Schrader is worried about what will happen if there is not a resolution of the debt ceiling standoff. If the August 2nd deadline is not met he says the U.S. can't pay its bills. Schrader supports long-term deficit reduction coupled with reduced spending. And he acknowledges there needs to be tax cuts and they need to get spending under control.