Political Quotes

“Well, certainly they are concerned about the impact, and particularly as responsible officials, they would be run out of town with the accountants defaulting on the local obligations of the school district or the city or the county hospital or the like. The very notion that just because the U.S. Government is bigger and the egos of some of the people involved in it are bigger still, that we could countenance the default on our obligations, it mystifies most of the people that I visit with. The Hartford editorial to which you referred seems to me to imply something else that is very significant, that while we have until perhaps March 1, the estimated time of actual default, that given all of the world pressures, the way people in Japan that hold our debt or in some other part of the world get skittish about a rumor they hear, we do not know from one day to the next what the consequence of this political irresponsibility might be, but we do know it is not going to be good.”