prioritization is default by another name.

the Trump tax cuts added hugely to the deficit.

not paying any of our bills is default.

I would love to know who is responsible for that.

this has never been tried. It has been rejected by all past Treasury secretaries.

Well, I am not going to make a blanket statement that I agree with that.

Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

prioritization is default by another name.

this has never been tried. It has been rejected by all past Treasury secretaries.

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

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.