A Quote by Noam Chomsky

Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.

Noam Chomsky

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Around Basis Become Care Could Credibility Department Depends Destroy Effect Finance Financial Financial System Find Gold Good Government Health International Law Limited Maybe Order Quite Reactionary Republicans Right Right-Wing Securities Severe System Them Treasury Uphold Us Us Treasury Valueless Very Ways Willing Wing World

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Noam Chomsky
American - Activist
Born: December 7, 1928

The sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for savings for a wide range of U.S. households. Treasury securities are also an important source of collateral within the financial system.

Jerome Powell

One of the reasons I've been interested in the US health care is that here is something you can do, that could lift one of the largest burdens of worry from the shoulders of tens of millions of people for whom the rest of the economy isn't working. A lot of the things that are in Obamacare that Republicans don't like were deliberately put there to force Republicans to negotiate. Republicans wouldn't negotiate, so we got Obamacare with all of the fur on it. Once it's there, of course, it's very hard to take health care benefits away from people, as the Republicans discovered.

David Frum

The Republicans have picked that as the one thing that they want to hang on to to try to gain some political stand, so they have to destroy what they call Obamacare. This is now not all the Republicans, it's a wing of the Republican Party, which is called conservative but in fact is just deeply reactionary.

Noam Chomsky

It's plain that the American right wing, the Republicans and some sections of the Democratic Party, don't really care about international norms. They believe in the executive authority of the president. They don't even believe the United Nations or international law should play any role vis-à-vis American policymaking.

Vijay Prashad

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

Mark Zandi

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.

Louis Thomas McFadden

A default of the US government would not only be very harmful here, it would probably send the country back into deep recession, but it just might crash the international financial system.

Noam Chomsky

It is hard to miss the irony in the fact that the very same week that Republicans were publicly heralding Congressman Paul Ryan's plan to inject market forces into the American health care system, they were crafting a budget deal to strip them from the health reform law.

Ron Wyden

Because Republicans believe that the federal government is limited in its function-some have concluded that Republicans are somehow inherently insensitive to minority rights. Nothing could be further from the truth.

Rand Paul

Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services.

Hassanal Bolkiah

We know that a government shutdown is gonna blamed on the Republicans no matter who, what, when, where, why. You want to give the media ammo going into 2018, how the Republicans hate government, the Republicans hate you, the Republicans want you dead, the Republicans want your kids dead, the Republicans want you breathing dirty air, poisoned water, and all this stuff, a shutdown in September, it would actually be in October, because that's - I don't mean to pick hairs here, but a shutdown would be in October if it happens.

Rush Limbaugh

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.

Jerome Powell

The US and Israel have demanded further that Palestinians not only recognize Israel's rights as a state in the international system, but that they also recognize Israel's abstract right to exist, a concept that has no place in international law or diplomacy, and a right claimed by no one. In effect, the US and Israel are demanding that Palestinians . . . formally accept the legitimacy of their expulsion from their own land. They cannot be expected to accept that, just as Mexico does not grant the US the right to exist on half of Mexico's territory, gained by conquest.

Noam Chomsky

The reason Gov. Romney passed Romneycare as governor of Massachusetts in 2006 was because many Republicans viewed health care reform, mandates and all, as a way to inoculate against Democratic charges that Republicans didn't care about people who lacked health insurance.

Ari Fleischer

I think the post-Rick-Perry Texas is a Texas that is more competitive between the Democrats and Republicans. I think the Republicans still have a huge advantage, but I think if we're arguing that competition is good for the system, then I think a stronger two-party system in Texas is inevitable, and I think that it will happen.

Pete Gallego

The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC.

Jerome Powell

A Quote by Noam Chomsky

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