Daily Reminder: February 8, 2012
February 8, 2012 by Jeff Schreiber
Filed under Assigned Reading
“A problem that was created by building up too much debt will not be solved with yet more debt … We’re moving precipitously close to what I would call a ‘savior-based economy’ … if I can be a plaintiff to the right person in Washington, D.C. I can get this thing fixed. That is quite different than a market-based economy where some rise and some fall but there’s a consequence to making a stupid decision.
“A lot of people who’ve made some very stupid decisions are being bailed out by the population at large … We’re going to go through a process of de-leveraging, and it will be painful. The question is: Do we apply a bunch of different band aids that lengthen and prolong this pain or do we take the band aid off? I believe very strongly: let’s get this thing over with, let’s not drag it on.”
– SC Gov. Mark Sanford, to CNN’s John King on February 8, 2009
272 DAYS UNTIL ELECTION DAY
347 DAYS UNTIL JANUARY 20, 2013
