The United States is one debt deal away from leading the entire world out of [its] economic doldrums.
Judd Gregg
The Public Record
The first obligation of a national government is national defense, in my opinion.
That is actually why I was so encouraged by the President putting 'change CPI' on the table.
I think Simpson-Bowles got it right on this point. We reduced deductions and exemptions so that we generated $1.1 trillion of revenue every year.
I actually believe if you do Medicare reform correctly, you actually get a better system at a lower cost, which is exactly what we need.
I think the appropriate way to approach this is to set the size of the government as a percent of GDP.
I do believe the size of the government is going to have to grow simply because of the demographic shift.
Design the programs. Decide how large the government is going to be. Do a tax reform to finance it.
I am a great believer in investing in infrastructure. I believe that that does give you a very significant return.
But there is no question that if you are going to address this issue in a way that has substantive impact on the future of our Nation, the prosperity of our children, and our standard of living, it is the second 10 years, and the third 10…
We cannot continue to let health care costs rise faster than our National income.