Judd Gregg: “This is a fairly significant report and fairly long, also. And it is really a blueprint for how we propose to address…”

In the end, you have to pay the debt ceiling because otherwise the government can't function, and the effect of that would be catastrophic.

I think in order to get Republican buy-in on further revenues you are going to have to do policy changes in entitlement accounts that bend the curves in the outyear in a very substantial way, and make it clear that those accounts are…

We have to figure out how to do the deal that straightens this out.

Design the programs. Decide how large the government is going to be. Do a tax reform to finance it.