On the recordMarch 22, 2023
It certainly can be. I certainly----
Said by
Janet L. Yellen
Source
congress.govIt certainly can be. I certainly----
Yellen acknowledges that government spending can stimulate the economy during downturns.
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this has never been tried. It has been rejected by all past Treasury secretaries.
It is a fundamental, basic responsibility of Congress to pay the Government's bills. And I call on Congress to expeditiously raise the debt ceiling.