"Every four-to-six years throughout history we've had an economic slowdown in the United States for many many different reasons. So we're overdue, we're overdue in 2012-2013. When the next slowdown comes, what's America going to do? We cannot quadruple our debt again. We cannot print staggering amounts of money again. So the next slowdown is going to be worse than 2008, which was worse than 2002. So things just keep getting worse because the debt keeps getting higher and higher."
Source: Fox Business