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.

the policies behind getting these numbers under control are extremely difficult politically, because they involve very tough decisions.

The implications of this though should be staggering.

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.

The United States is one debt deal away from leading the entire world out of [its] economic doldrums.

But there is no question that if you are going to address this issue in a way that has substantive impact on the future of our Nation, the prosperity of our children, and our standard of living, it is the second 10 years, and the third 10…

If our goal is to reach a deal, we should not get engaged in this fight.

You know, the United States is one debt deal away from leading the entire world out of economic doldrums.

I think in order to get Republican buy-in on further revenues you are going to have to do policy changes in entitlement accounts that bend the curves in the outyear in a very substantial way, and make it clear that those accounts are…

I don't think you can get there without doing what Dr. Rivlin referred to, which is you shift from a utilization system to a qualities and outcome system.

The budget process is probably not going to be that process, because the budget process is inherently partisan.