I told all four [Congressional leaders] that there are going to be some times where we don't agree with each other, but that's OK. If this were a dictatorship, it would be a heck of a lot easier, just so long as I'm the dictator.
I've been involved in the intelligence side of the federal government for a long time. We all know that we have to have a balance between security to protect the American people and liberty. We take an oath to protect and defend the constitution and the American people.
So, the tendency of our childish nature is to take small things too seriously and get easily offended, whereas when we are confronted with situations which have long-term consequences, we tend to take things less seriously
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
Our day of dependence, our long apprenticeship to the learning of other lands, draws to a close. The millions, that around us arerushing into life, cannot always be fed on the sere remains of foreign harvests.
An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit? You know the prose: "Maintain buying reserves until current uncertainties are resolved," etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.