by Pam Key
Breitbart.com
Treasury Secretary Janet Yellen said Thursday on CNN’s “OutFront” that it has become “increasingly damaging” for the United States to set a debt ceiling.
Yellen said, “Well, I think the prospect that Congress would not agree to raise the debt ceiling, which is what we’re faced, and of course, December 3, it’s a short time relative to the debt ceiling. So the uncertainty remains longer term. I think it is damaging to confidence of consumers, of investors. Of course, everyone, including me, breathed a sigh of relief that we were able to reach an agreement that gets us to December 3.”
She continued, “It’s not about future spending or taxes. We’ve incurred bills. Can the government be counted on to pay those bills? Americans, whether it’s people waiting for a Social Security check or military pay or bondholders who regard U.S. treasuries as the safest asset in the world, they need to never question that the United States will pay its bills.”