A Quote by Bill Johnson

There was no avoiding the fact that we were going to hit our debt ceiling.

Bill Johnson

Quote Topics

Avoiding Ceiling Debt Debt Ceiling Fact Going Hit Our Were

Quote Author

Bill Johnson
American - Politician
Born: November 10, 1954

Debt ceiling is something that, you know, any time the president asks for the authority to increase the debt ceiling, the debt burden on our children and grandchildren, I think that requires a pretty serious discussion, robust debate.

Ron Johnson

I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.

Alan Greenspan

If we hit the debt ceiling, that's... essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic.

Austan Goolsbee

The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.

Peter Schiff

If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.

Peter Welch

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

Eliot Spitzer

Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.

Grover Norquist

I'm not going to raise the debt ceiling.

Ted Yoho

Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't service your debt.

Ted Yoho

No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable. ... Cherish public credit. One method of preserving it is to use it as sparingly as possible: avoiding occasions of expence (and) avoiding likewise the accumulation of debt ... not ungenerously throwing upon posterity the burthen which we ourselves ought to bear.

George Washington

There's an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In fact, public debt does the exact opposite - it relieves private debt.

Sam Seder

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.

Mike Lee

I would be embarrassed to tell you how many folks ran saying that they weren't going to spend a bunch of money, they weren't going to raise the debt ceiling, and then they went to Washington, D.C., and did exactly that.

Mick Mulvaney

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.