Treasury Bonds Quotes



A minority group of very conservative members of the House of Representatives had decided to hold America’s full faith and credit and the economy hostage to implementing their minority proposal to reduce government spending more than the majority wanted shortly after the 2012 election where the voters had rejected the conservative position. None the less, they were threatening to force the government to default and not pay for the items that the Congress had previously already approved by not approving a debt ceiling increase. The President was determined not to negotiate with “hostage takers” and making sure that America paid its bills for the money spent as authorized by Congress.