Kent Conrad actually said...

In the longer term, we have got to pivot and we have got to deal with this debt threat.

That will fundamentally threaten the economic security of the country going forward.

I think we do have an extraordinary challenge, and the question for all of us: Are we up to this challenge?

I think we have to be very careful not to prematurely reduce the deficit because, in many ways, we are facing what the Japanese did.