There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations.
Charles BassI am in the process of trying to decide whether I can make a substantive and productive contribution to the policy-making process. I was always there because I wanted to work on the pressing issues of the day - I'm interested in energy, I'm interested in the climate bill and technology policy.
Charles BassBut I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.
Charles BassLike any good spy novel, the Cox Report alleges that Chinese spies penetrated four U.S. weapons research labs and stole important information on seven nuclear warhead designs.
Charles Bass