On the recordJuly 20, 2010
So if you want to look at what is really causing--maybe the uncertainty that is causing this $2 trillion to stay on the balance sheets, it is the fiscal policies of the Government.
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Judd Gregg
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congress.govSo if you want to look at what is really causing--maybe the uncertainty that is causing this $2 trillion to stay on the balance sheets, it is the fiscal policies of the Government.
Gregg attributes economic uncertainty to government fiscal policies.
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I think the appropriate way to approach this is to set the size of the government as a percent of GDP.
the first obligation of a national government is national defense, in my opinion.
I think Dr. Rivlin is absolutely correct on both points, and Simpson-Bowles did the same thing that Domenici-Rivlin did, which was to actually increase benefits to single women over 85, and low-income individuals.
The classic example of this is ObamaCare. It was pushed through on a partisan vote.