Adam Smith actually said...

"It is, you know, a sort of mindless across-the-board cut in all discretionary spending. So education, transportation, infrastructure, on down the line--it would have a devastating impact."

"We have a $1.2 trillion deficit, actually 1.3 last year, a 38-percent deficit, and it needs to be addressed."

"I completely agree with the chairman that sequestration is not a good idea. It would be bad for our economy, bad for defense."

"I think where Iran is at right now is that, as you said, Mr. Albright, they would like to be nuclear-weapons-capable because of the credibility it gives them."