I think there may be a sensible solution to this problem.
I commend Senator Boxer on her leadership. She originated this thought.
What Senator Boxer is proposing along with me and my help to her on this is good for waiting off strategic foreclosures.
The most obvious policy step to facilitate more mortgage financing is rolling back the GSE's loan level pricing adjustments.
I think it is important not to overreach. Uncertainty is an issue in the mortgage market.
Other critical safety needs may go unmet if funding is diverted to pay for PTC.
The main reason that total revenue as a percentage of GDP is so much lower than the historical levels is because we have an economy that is ...
Isn't it true that as recently as 2007 the current tax rate structure yielded revenue that was about 18.5 percent of GDP?
Isn't it generally likely that if we use the Tax Code to distort economic activity on balance we are going to have less economic growth than...
I would like to make another point about this which has to do with inflation.
I think we should be very conscious of the fact that reducing tax expenditures, it matters very much which ones and how we were to go about ...
It is our health-care costs that is driving the deficit and debt crisis that we have.
My point is over this 10-year period, we have seen huge growth in nondefense discretionary spending.
But I think it is worth noting, and I think you will all agree, that the growth in Federal revenue is related to the growth of the economy.
If we tolerate or aggravate the current deficit problem with the promise that we will work it all out in the future, that is a very, very da...
Isn't there a danger that the magnitude of the debt is already impeding economic growth?
I would just urge us to consider that there is another theory here, which is that Government can't really create demand on balance.
And at the end of the day, you know, nobody likes this, but without talking about death panels and that kind of crazy stuff, you are going t...
