On the recordJanuary 12, 2009
In fact, we may make money on it.
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congress.govIn fact, we may make money on it.
Senator Gregg suggests TARP could be profitable.
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But my view is that if you're going to do it, you should do it in a separate budget structure, and you should find sources to pay for it.
I think Dr. Rivlin is absolutely correct on both points, and Simpson-Bowles did the same thing that Domenici-Rivlin did, which was to actually increase benefits to single women over 85, and low-income individuals.
I have always been supportive of the balanced budget amendment. But you're talking about putting something by the next eon of life cycle, political life cycle.