The budget, on balance, spends too much, taxes too much, and borrows too much. It is that simple.

the Fed leveraging is essentially an expanding of the money supply.

We are the most cogent entity and we are the biggest economy, and, therefore, we have the responsibility to move forward.

Well, I am talking about putting a hard sunset on it. You know, it takes 67 votes to extend the program at the end of 18 months.

We need to fix the problem now, and we need to put value into the real estate markets.

I think it would be helpful if we used a fair amount of that trillion to address the housing industry, which is what I see to be the core problem.

Will this be done by the Fed, or will it be done by the Treasury?

There is fertile ground here in this Senate, especially between myself and the Chairman, for accomplishing that goal.

what has been proposed so far is not getting to the problem

the present stimulus package is not on target. The problem is real estate.

Will that be done by guarantees?