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I think what's important to understand is if the United States hits the debt ceiling and is unable to pay its debts, the consequences will be immediate and dramatic.

I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.

I fear debt. I don't like being indebted to banks. I have a rule in life that I will get it when I can afford it.

I really truly worry that the debt is one of the single biggest threat to the United States of America, that we're talking about a problem that is multi-trillion in its depth and I think we ought to be cutting more.

The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

Worry is the interest paid by those who borrow trouble.

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

You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.

We all think we're going to get out of debt.