October 16, 2013

Quote of the Day

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" When you have 18 percent of GDP coming in in cash, less than 2 percent going out in debt coverage—I’m stunned you all fall for it in the press. None of you were math majors, were you?” -- Rep. David Schweikert (R - AZ) to reporters who couldn't understand why not raising the debt ceiling wasn't the same thing as defaulting on the debt.

By Rusty Shackleford, Ph.D. at 03:22 PM | Comments |