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"We love and we value peace; we know its blessings from experience. We abhor the follies of war, and are not untried in its distresses and calamities."

— Thomas Jefferson
thomas jefferson Quotes Folly,Distress,Calamity

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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.

— John Podhoretz

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I can scarcely contemplate a greater calamity that could befall this country, than be loaded with a debt exceeding their ability ever to discharge. If this be a just remark, it is unwise and improvident to vest in the general government a power to borrow at discretion, without any limitation or restriction.

— Marcus Junius Brutus the Younger

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