On the recordMarch 21, 2023
this has never been tried. It has been rejected by all past Treasury secretaries.
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congress.govthis has never been tried. It has been rejected by all past Treasury secretaries.
Yellen highlights the unprecedented nature of the proposed prioritization plan.
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the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.
I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.