David Walker: “You can't spend a lot more money than you take in and charge it to the credit card and not expect to have a day of…”

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

I think there's a way to bridge this and for both sides to save face. We ought to be trying to get a credible down payment and a one-year extension to get a grand bargain.

I think frankly what the president ought to think about doing with regard to the Affordable Care Act is that he ought to use executive powers to not enforce the penalties associated with the individual mandate for a year.

the base of the Republican Party will not support any type of tax increases -- even if it's eliminating tax expenditures where there can be a bipartisan agreement.