Political Quotes

“It is based on faith, and so when does the faith end? Faith is not something particularly--it is hard to determine faith in the dollar. One way you can determine it is, will people buy our bonds. One of the indications that people lose faith in our currency is that when, to borrow money, you see your bond prices rise; you see interest prices rise. I think that is coming. You know, we are already seeing inflation at a 5-percent rate. Typically, you will see the interest rates rise as well. And there is going to be a time there are going to be repercussions. I fully believe that you cannot continue to borrow at this rate without ultimately suffering, perhaps, an economic calamity. And I want to stop that for our country. The PRESIDING OFFICER. The Senator from Utah is recognized.”