A Quote by Jerome Powell
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.
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The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.
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.
It is important for me, as a popular artist, to make clear to the governments of the United States and Mexico that despite the strategy of fear and intimidation to foreigners, despite their weapons, despite their immigration laws and military reserves, they will never be able to isolate the Zapatista communities from the people in the United States.
If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.
While the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds.
The Constitution makes very clear what the obligation of the United States Senate is and what the obligation of the president of the United States is. To allow a Supreme Court position to remain vacant for well over a year cuts against what I think the intentions of the framers are and what the traditions of the Senate and the executive are.
There is a limit to how much the United States Treasury can borrow.
I was determined that if I failed it wouldn't be due to lack of effort.
The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.
I consider the government of the United States as interdicted by the Constitution from intermeddling with religious institutions, their doctrines, discipline, or exercises. This results not only from the provision that no law shall be made respecting the establishment or free exercise of religion, but from that also which reserves to the States the powers not delegated to the United States. Certainly, no power to prescribe any religious exercise or to assume authority in any religious discipline has been delegated to the General Government. It must then rest with the States.
Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.
I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.
Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there.
Literally minutes before the Senate cast its vote, the administration sought to add the words 'in the United States and' after 'appropriate force' in the agreed-upon text. This last-minute change would have given the president broad authority to exercise expansive powers not just overseas-where we all understood he wanted authority to act-but right here in the United States, potentially against American citizens. I could see no justification for Congress to accede to this extraordinary request for additional authority. I refused.
Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
No. 1, it [amnesty for illegal aliens] demoralizes the people that are going through the legal process. It's a very clear signal that why go through the legal process if you can accomplish the same thing through the illegal process? And No. 2, it demoralizes the people enforcing the law. So I am not and I will never support - never have and never will support - any effort to grant blanket legalization amnesty to folks who have entered or stayed in this country illegally.
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