James Buchanan actually said...

"I promise that not an hour shall be lost in ascertaining the amount of appropriations made by them for which it will be necessary to provide."

"Without this the Treasury will be exhausted before the 1st of January and the public credit will be seriously impaired."

"Under any form of government extravagance in expenditure must be the natural consequence when those who authorize the expenditure feel no responsibility in providing the means of payment."

"For all these reasons I recommend to Congress to postpone the day of adjournment for a brief period."