This is a time when the United States should be standing tall. There is no other leader in the world today. We shouldn't be approaching conflicts as a team sport. We either get in an we lead and we do a good job, or you don't get in at all.

And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.

We're fighting an enemy that is far different than any we have got before. It's a nontraditional kind of war, and I think we need to step back, recalibrate how we go about protecting our borders and protecting our people, and resetting our position in the world.

This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.

The sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for savings for a wide range of U.S. households. Treasury securities are also an important source of collateral within the financial system.

Kirsten Gillibrand and I are very similar in our biographies. We're both mothers, we're both lawyers. But we couldn't be more different in our beliefs, in our principles, in our politics.

Also, an area that interests me - and it will probably take years to state what I mean - is the period of the rise of democracy, with Tom Paine, which is around the turn of the 18th century into the 19th.

The motive power of democracy is love.