David Malpass quote

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.
David Malpass

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Nominations of Eric D. Hargan, David Malpass, Andrew K. Maloney, and Brent James Mcintosh : hearing before the Committee on Finance, United States Senate
Nominations of Eric D. Hargan, David Malpass, Andrew K. Maloney, and Brent James Mcintosh : hearing before the Committee on Finance, United States Senate
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