David Walker: “I think we can get there without going to a parliamentary system, but I do think that we need political reforms as well…”

Government doesn't create jobs that will last for the long-term. But they can do things that will help create an environment.

I can come up with $2 trillion to $3 trillion worth of deficit reduction without any tax increases, OK?

I don't think it should be business of S&P or any rating agency to tell a sovereign nation how to put its finances in order.

Let's learn from history. Let's learn from others.