What good is a budget if we do not follow it?
I think Dr. Elmendorf did a pretty good job, and a lot of times he was under intense political pressure, and I think in general he produced ...
Higher public debt leads to lower investment, slower transitional growth or recovery from a recession, and a lower long-term level of output...
Well, you need to--we need to understand this. This is huge, because we have a unified budget.
You cannot spend the same money twice.
I think the American people do, in fact, think this Government spends a lot of money it does not need to spend.
At the bottom line, we are responsible for spending.
I appreciate both of you and your thoughts on the 2-year budget.
I think Congress is timid to challenge the Executive, which I have expressed concern about for some time.
The debt, as a practical political matter, can be blamed on the President because he is advocating more spending.
I am concerned about that.