We can have a little twist on this quote: "I didn't have new socks: I couldn't afford it."Paul Wolfowitz is a rich man, having been president of the World Bank Group. But apparently, he doesn't have enough money to buy a proper pair of socks, as shown on this picture, taken when he was visiting a moskey somewhere.
Here's what's said about that incident on the Wikipedia page:
On 30 January 2007, after his visit to Selimiye Mosque in Edirne, Turkey, news media released photographs of Paul Wolfowitz's socks, which had holes in them. A few days later, Today's Zaman announced that the Turkish Hosiery Manufacturers' Association sent him twelve pairs of socks.He had to quit the Bank because he was accused of promoting his mistress. How shameful of him: he had one of the best-paid jobs in the world, and he has to leave just because he couldn't control his basic instincts?