"This nation is on a course where if we don't do something about it, get federal situation, the fiscal policy [under control], we're Greece. We're a banana republic. Our status as a nation is threatened by what we've got coming at us in the area of deficit and debt. And it's only a few more years, at the most, that we have to work with here before the market says, 'Sorry, your currency is something we can not continue to defend.'"

Source : "'We're Greece' in a Few Years: Sen. Gregg". www.cnbc.com. November 3, 2010.

Judd Gregg

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