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…While our new majority will serve as your voice in the people’s House, we must remember it is the president who sets the agenda for our government. … [emphasis added] I’d like Boehner to show us where in the Constitution it says that the president sets the agenda for the government. There would be a greater risk that investors would be unwilling to finance the government’s borrowing needs unless they were compensated with very high interest rates; if that happened, interest rates on the federal debt would rise suddenly and sharply.” Higher interest rates – averaging 2.3% in 2014 and 2015, as reported by TreasuryDirect – on an increasing amount of debt are likely to cause a “crowding out” effect, according to the Federal Reserve Bank of St.
Pages: 108
Publisher: Echo Library (December 7, 2006)
ISBN: 1406811157
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