Judd Gregg: “Design the programs. Decide how large the government is going to be. Do a tax reform to finance it.”

That is actually why I was so encouraged by the President putting 'change CPI' on the table.

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

the budget process is dysfunctional. That's a generous term for it.

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.