Famous quotes containing the words sovereign, debt and/or crisis:
“If a Sovereign should, by great accident, deviate into moderation, justice, and clemency, what a contemptible figure would he make in the catalogue of Princes!”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (1872–1933)
“A crisis unmasks everyone.”
—Mason Cooley (b. 1927)