03/28/2022
https://congress.gov...
"It is the chasing of returns that is driven by the fact that a high return is imposed on them by legislatures."
"Obviously, a large portion of the debt that has been issued and is currently being issued by the United States is held by overseas investors, including China."
"In a weak economy, where you are facing financial instability, higher income people... have the greater ability to weather that."
"the average rate of tax collection has been roughly 18 percent of GDP. Whether we like it or not, whether we think it should be higher or not, it is a reality and this reality is nonnegotiable."