On the recordJuly 25, 2011
Yes, Mr. Rangel, that is my opinion, because government debt as a triple A rated securities, the basis of our credit system, so much of the private sector depends on credit one way or another.
Source
congress.govMike Johnson: “Yes, Mr. Rangel, that is my opinion, because government debt as a triple A rated securities, the basis of our credit…”
Editor's note · Context
Johnson argues that a government default would harm the credit system and shrink the private sector.
Share
More from Mike Johnson
Oct 14, 2026
Well, I was informed after it happened. Look, no one is above the law in our system. And apparently, this was a long series, a long investigation.
Oct 9, 2026
This district, more than any in America — when we say close election, we mean close election.
Oct 14, 2026
The timing of the government’s actions is unfortunate for her [Omar] or others
Other voices in this conversation
