Judd Gregg: “I believe that these things should be considered in the cost versus benefit analysis.”

The classic example of this is ObamaCare. It was pushed through on a partisan vote.

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.

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

The Simpson-Bowles Commission...came to the conclusion that on our present path this Nation goes bankrupt.