Hillary Clinton: The GOP is playing with the debt ceiling at a particularly perilous moment for global security.
for the first time ever. After another crisis in 2013, the lesson was clear: Negotiating with hostage-takers will only embolden them to do it again.
America’s leadership around the world depends on our economic strength at home. Defaulting on our debts could cost the United Statesand throw our economy into a deep recession. Instead of the “arsenal of democracy” capable of outcompeting our rivals, dominating the industries of the future such as microchips and clean energy and modernizing our military, America would be hobbled.
When I was secretary of state, a big part of my job was rebuilding confidence in the United States after the George W. Bush administration. It wasn’t easy. Senior Chinese officials rarely missed an opportunity to argue that the United States was to blame for the 2008 global financial crisis, and they enjoyed highlighting our troubles in Iraq and Afghanistan.
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