On the recordMay 2, 2010
But we are not going to solve the deficit. If we eliminated all non-defense discretionary spending, which is about $500 billion, it would not solve a $1.4 trillion deficit.
Source
congress.govEditor's note · Context
Kaufman emphasizes that cutting discretionary spending won't resolve the large deficit.
Share
More from Ted Kaufman
Sep 21, 2010
We have developed a cooperation program at the SEC where we can now offer reduced sanctions in exchange for insiders who come forward and provide us with information.
Sep 21, 2010
Is it legal for a firm to manufacture and sell securities which it knows or is virtually certain are going to default?
Sep 21, 2010
Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.
Sep 21, 2010
I think this is all the ability to know you just cannot have two different sets of rules for people, and if you are powerful and you have got money and you have got good accountants and good lawyers, you can get away with something that…
Other voices in this conversation
