Political Quotes

“it is very hard to comprehend that 4 days from today, unless and until a few extremist Republicans--we hope it is a few--too radical to compromise, could force a default on the Nation's financial obligations for the first time ever. Economists say it won't be long before financial markets react negatively to this continued uncertainty. I believe Monday is a legal holiday and I believe the markets will be closed. That is good. What I see staring us in the face is not a pleasant picture. Everyone should understand that a bad day on Wall Street doesn't only affect these great big banks or wealthy investors. It affects everyone in our country, not only those with 401(k)s but those who have no savings. It affects everybody, because everyone will lose, not only in America but around the world. The life savings of ordinary Americans are at risk, and that is an understatement. While this uncertainty is bad, default would be unthinkably worse. To show my angst is real, one only need look at what took place in the House of Representatives this morning. They walked out of another meeting, a conference, a caucus--call it what you want--defiant: We couldn't do anything. Therefore, the government remains closed, and the debt ceiling is, every day, closer and closer--every hour now. While this uncertainty is bad, I repeat, default is unthinkably worse. Because of the collapse on Wall Street a few years ago, the State of Nevada and States all over the country were hammered.…”