Ted Yoho Quotes

The single biggest threat to our national security is our debt.

Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

I do not want America to default on its debt.

The Greeks do not have the option of borrowing because nobody will lend to them.

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

If we continue to allow the federal government to live beyond its means, we will all soon have to live beneath ours.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

The debt ceiling at some point has to be raised. I don't think there's anybody that questions the fact that if we ended up getting in a situation where the U.S. government was sending out IOUs like the state of California did at one point, that ends up creating quite a brand problem for our country.

The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around 20,000 pounds. Servicing the interest on that debt is going to cost more than educating the child.

If Spain goes under, Italy will come under even more scrutiny.

I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.

We cannot continue our leadership in the world as the largest debtor nation the world has ever known.

When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretend payment.

Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier…

I don't see why anybody's playing chicken with the debt ceiling.

If we hit the debt ceiling, that's... essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic.

The debt ceiling is not something to toy with.

Not raising the debt ceiling is not an automatic trigger for a default.

Our national debt poses a threat to all Americans and is particularly troublesome both for well-established businesses and for those seeking to enter into the marketplace.