Quote by John Podhoretz

The thing is, Obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. Such a thing has never happened and can't be allowed to happen.

The thing is, Obama is right that it would be a calamity for

Summary

In this quote, the speaker acknowledges that Obama is correct in emphasizing the catastrophic consequences that would arise if the government fails to meet its debt obligations and defaults. They highlight the unprecedented nature of such an event and stress the importance of preventing it from occurring. The quote implies that ensuring a stable financial system and meeting debt obligations is crucial for maintaining economic stability and avoiding potential calamities.

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By John Podhoretz

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