"If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred."

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Source : "Rep. Peter Welch". Interview with Seung Min Kim, www.politico.com. April 21, 2011.

Peter Welch

#Thinking Quotes #People Quotes #Ceilings Quotes

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