Political Quotes

“I concur with his pointed criticism of whether or not we have a sound surplus, or whether it is somewhat realistic. He points out the $19 billion that has been paid by the ratepayers into the nuclear waste fund, as an example. He and I both know that money has gone into the general fund. It is basically not in escrow. It is not in a reserve account. When the administration or the Government ever addresses that responsibility, we will have to appropriate that money someplace because it has been spent. As an old banker, I can tell you that interest is like a horse that eats while you sleep. It goes on Saturday night, Sunday morning, and Sunday night. As a consequence, we often find ourselves in the position where the interest exceeds the principal. When that happens, you are broke. I am certainly sympathetic to the points raised by my colleague.”