We're going to have to readjust our sights. When we come out of this, we're going to have slower growth and we're going to have to be more prudent with regard to debt and we're going to have to save more if we want to sustain.
David Walker talks about the need for a shift in economic expectations and behavior post-crisis.
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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.
A hundred years ago the Federal Government was 2 percent of GDP. Now it's 23 percent.
The greatest threat to America's future is not terrorism. It's not some country. It's our own fiscal irresponsibility.
The president has got the high ground because he's basically saying, let's go for a long-term deal. I will put Medicare, Medicaid, Social Security on the table. All you need to do is to put tax expenditures on the table.
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