What happens before that, according to history--and maybe we can be the first country since ancient Florence and all the others not to do this--what happens is then you start monetizing the debt. You start printing the money. I think, as you look at these long-term trends, that is where we are headed. I wish I could be as optimistic as the Senator from New York, but I think the hard realities suggest something different.
The speaker discusses concerns about debt monetization and economic trends.
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More from Sen. Paul Simon
I would point out simply that is the policy of this administration as spelled out in the Wellstone amendment. That is why I am hoping that maybe we can still work out some kind of a compromise with the Senator from Kansas because I do not…
Find compassion in your heart for our most vulnerable and sweetest citizens, our children.
It ought to be a very rare thing. We can't just be an international Rambo wandering around doing whatever we want regardless of international law.
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