On the recordJuly 25, 2011
But one ironic effect would be to make the private sector much, much smaller. Therefore, government as a share of GDP will become bigger while GDP was getting smaller.
Source
congress.govEditor's note · Context
Johnson explains that a default could paradoxically increase government size relative to a shrinking economy.
Share
More from Mike Johnson
Aug 18, 2026
Virginia’s 2nd District will determine the fate of the country because this will be a close election.
Jul 28, 2026
They have to answer for why they voted against funding our troops, against funding the government, against common sense policies like voter ID and proof of citizenship.
Aug 20, 2026
Wisconsin’s 3rd District is so critically important, and Derek is one of President Trump’s strongest allies and advocates in the House.
Aug 11, 2026
By highlighting this decisive contrast for America and our common sense polices and America first candidates, House Republicans are ready to defy history and win the midterms.
Other voices in this conversation
