A Quote by Jeb Hensarling

I do not want America to default on its debt. — © Jeb Hensarling
I do not want America to default on its debt.
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.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
We're not going to default. We just won't default. I mean, there are ways of not defaulting even if you don't raise the debt ceiling, and even if you don't fund the government.
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.
If we reach the debt ceiling, we don't have to default. Getting to that point just won't allow us to reach new debt.
I've already lived through a default and it's very hurtful for society. No one could want a default as a solution.
Not raising the debt ceiling is not an automatic trigger for a default.
The U.K.'s debt belongs legally to Westminster, so Scotland, by definition, can't default on it.
There is absolutely no way that the U.S. will ever default on its debt. We are not going to do that.
Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.
If you default on an unsecured debt, you won't lose anything (except points on your credit score).
We assume whiteness is the default because whiteness, historically, has been the default. This is one of the many reasons diverse representation matters so much. We need to change the default.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.
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