"I believe the American experiment is in mortal peril because of the debt we have coming…. This is more frightening than even the Soviet nuclear threat, which would have been more horrible. If we go broke, we’ll still be alive, but the probability was so small. In this case, the damage, the catastrophe, will be very, very severe, and the probability – I mean, and it’s inexorable," - Mitch Daniels, Indiana Governor.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.