01/30/2013
https://www.congress.gov...
"if interest rates go to anything close to historic levels--call it 5 percent; in 2000 it was 6 percent--we are talking about $850 billion a year just to pay interest."
"I believe that in the long run probably the most lasting and important effect of the Affordable Care Act will be the very subject we have talked about, which is the virtual elimination or certainly th..."
"I think the lesson to me of the last few years is it is politically very hard to do grand bargains, but if we keep chipping away incrementally, we can make progress, first, to stabilize the debt and t..."
"we will never get out of this hole, and I think we are facing a time bomb of interest rates."