Mike Johanns actually said...
I see asset bubbles. And I think if you were to announce today that over the next 24 months you are going to bring that balance sheet down from $4 trillion to zero, or $1 trillion, I think if you even said over the next 4 years we are going to bring it down from $4 trillion to zero, I think we would see how big those asset bubbles are.
Context
Johanns expresses concern about asset bubbles and the impact of reducing the balance sheet.
11/13/2013