A Quote by Alan Greenspan
There is a limit to how much the United States Treasury can borrow.
Related Quotes
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.
When you authorised Congress to borrow money, and to contract debts, for carrying on the late war, you could not intend to abridge them of the means of paying their engagements, made on your account. You may observe that their future power is confined to provide common defence and general welfare of the United States. If they apply money to any other purposes, they exceed their powers. The people of the United States who pay, are to be judges how far their money is properly applied.
Open the books ... and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers].
We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them to. So dealing with this is not only the right thing economically, it's certainly right from a moral viewpoint.
He obtained from Congress the right to borrow from the people by selling to it the 'bonds' of States ... and the Government and the nation escaped the plots of the foreign financiers. They understood at once, that the United States would escape their grip. The death of Lincoln was resolved upon.
Nothing brings more money to the Treasury of the United States, than investment in education of the American people.
The Constitution grants only Congress - not the president - the power 'to borrow money on the credit of the United States.'
The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements....The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States....The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.
In the Islamic world, the U.S. is seen in two quite different ways. One view recognizes what an extraordinary country the U.S. is.The other view is of the official United States, the United States of armies and interventions. The United States that in 1953 overthrew the nationalist government of Mossadegh in Iran and brought back the shah. The United States that has been involved first in the Gulf War and then in the tremendously damaging sanctions against Iraqi civilians. The United States that is the supporter of Israel against the Palestinians.
I think that even though we should always welcome allies within the four corners of the United States, we shouldn't limit our allies to the four corners of the United States. I think that would be a grave mistake.
You have the same mandate whether it's a close result or - you're the President of the United States, you have to act like the President of the United States. You're the person in charge. You have to set the agenda. That's how you get yourself reelected by a much bigger number, if you want to get reelected. And that's the way you govern the country.
...should We consent to an order of Cincinnati consisting of all the Officers of the Army & Citizens of Consiquence in the united States; how easy the Transition from a Republican to any other Form of Government, however despotic! & how rediculous to exchange a british Administration, for one that would be equally tyrannical, perhaps much more so? this project may answer the End of Courts that aim at making Us subservient to their political purposes, but can never be consistent with the Dignity or Happiness of the united States.
Even illegals are not coming into the United States now because they can't find jobs. It's how desperate the job situation is in the United States.
The other view is of the official United States, the United States of armies and interventions. The United States that in 1953 overthrew the nationalist government of Mossadegh in Iran and brought back the shah.
It is not so much the United States that is trying to push the European Union in one direction or another, it is developing nations as a whole that are pushing the United States and Europe to open their markets a little more.
Related Authors
Adam Smith Quotes
Scottish
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist