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“The impact of this is widely unappreciated and I think it is a mistake to ignore it,” he said.

Mr. McCarthy said perhaps more importantly, “in the bigger picture, we’ve painted ourselves into a corner.”

“Should an emergency or disaster like the one that happened in Japan, happen in the U.S., we simply have put ourselves in a situation where it will be very difficult for us to come up with the funding to respond in an appropriate way. There are countless reasons why Congress should do the right thing, make some difficult choices and reduce the budget deficit,” he said. “Unfortunately, they apparently don’t see it that way.”