Saturday, October 3, 2009

Early Indicators:

"the American people own the country ... few Americans know that 68% of the 4T$ [deficit] is due and payable in the next five years - we better get down on our knees every night and pray that the Japanese, the Germans and the Arabs keep buying our T [Treasury] Bills - they are not going to do that if they question our credit ratings - these money matters are fundamental - you can't be a superpower if you are broke - if you question it - look at Russia ... we have Congressional and White House gridlock now, if you ever put the people back in charge of this country and make sure they understand the issues, you'll see the White House and Congress like a ballet team pirouetting around the stage getting it done in unison."
-- [H. Ross Perot, PBS ML News Hour, Mar26-1992]

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