Jeffrey Sachs

We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

There's Hezbollah, there's Hamas, there is a whole range of terrorist targets out there related to Palestine and to Israel that we ought to be trying to deal with. And there's a great deal of targets in the Philippines, Indonesia. You name it, there are a number of places where there are targets that we ought to be trying to deal with.