It seems to me two results can happen from that. It is either four more years muddling through, four more years of tepid growth, less than satisfactory, high unemployment, more squeeze on discretionary spending; or we reach that tipping point during this period of time, which brings another financial crisis.
Coats warns of potential economic stagnation or a financial crisis if spending issues aren't addressed.
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I don't know what happened in that meeting. I think as time goes by, President has already mentioned some things that happened in that meeting, I think we will learn more, but that is the President's prerogative. If you'd asked me how that…
It is essential, given the threats that we face today, that we are all in dealing with this issue.
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