Judd Gregg: “I am now recognized for 5 minutes. The PRESIDING OFFICER. The Senator is correct.”

I think the appropriate way to approach this is to set the size of the government as a percent of GDP.

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.

The United States is one debt deal away from leading the entire world out of [its] economic doldrums.

America is one debt deal away from leading the world out of its economic doldrums.