Tsze-Kung asked, “Is there one word with which to act in accordance throughout a lifetime?” The Master said, “Is not reciprocity such a word? What you do not want done to yourself, do not do to others.
So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.
I am willing to work with anybody who wants to have a serious conversation about our fiscal future. We're not going to do this under the threat of blowing up the entire economy. I will not negotiate over Congress' responsibility to pay the bills that have already been racked up. I don't know how I can be more clear about this.