Political Quotes

“Mr. President, I was sorry to hear the supercommittee is in trouble, that they might not be able to agree. Then this morning's Washington Post front page headline was ``Debt Panel Failure Won't Cause Catastrophe.'' Every day we do not find a solution, every day we spend is a catastrophe. We have maxed out our credit cards. Here is one way that came to my attention. I was traveling in Wyoming and I checked into the hotel for the night. The person checking me in, very embarrassed, said: I am sorry, but it will not take your credit card. It was a Federal credit card. I said: Goodness, we are in more trouble than I thought. I gave them my personal credit card and that went right through so I am not sure where we are. But I know we have maxed out our credit cards and not just that but also the symbolic credit cards that we have. We have as much debt as we probably can sustain and as debt comes due across the world for other countries, it is going to be tougher and tougher to be able to sell more debt. We are kind of in the same situation as Greece and Italy, except for two things. No. 1 is we are a big, flexible country that has pulled itself out of terrible situations time and time again, and we will do it this time too. We also own our own money supply. That helps. When constituents ask what can they expect, I always start the conversation by saying you should expect to get no more than what the 2008 level was.…”