"Until now, no member of Congress has seriously entertained triggering a financial crisis, willfully damaging the economy and credibility of the most powerful nation on Earth."
- Robert Sean Wilentz Professor of History at Princeton University
God Bless America
Paul O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.