"What we need to do is not only live within our means, but start paying down the deficit, and offer an opportunity at least for the next generation to get out."

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I want people to understand that, look, we're in a period of democratic deficit, democratic recession. There are fewer democracies in the world today than in 2005, and in many of the countries that are still technically democracies, we're seeing a reduction in the rule of law. And that's especially true in Central Europe, but it's also true of places like South Africa, the Philippines.

— David Frum