Judd Gregg: “I think the answer to your question, if I might interject, is it increases the debt by $195 billion.”

In the end, you have to pay the debt ceiling because otherwise the government can't function, and the effect of that would be catastrophic.

Why would we do it? Because it makes no sense, from the standpoint of policy.

There's never been a death at a nuclear power plant as a result of a reactor accident in the United States.

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.