Judd Gregg: “what is the time, if the Chair will advise the majority and the minority? The PRESIDING OFFICER. The majority has 1 hour…”

I subscribe to Senator Gregg's emphasis on value-based reimbursement. I think we're making progress on Medicare. It's not hopeless.

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

I think the appropriate way to approach this is to set the size of the government as a percent of GDP.

I think Simpson-Bowles got it right on this point. We reduced deductions and exemptions so that we generated $1.1 trillion of revenue every year.