"So what matters is the trajectory. The path of the trajectory is really what kind of matters here in the long term; is that right?"
"This can be a dangerous policy mix. The Treasury is issuing debt, and the Central Bank is buying it."
"The economy is finally showing some signs of stabilizing, and that is encouraging."
"It gives the alarming impression that the U.S. one day might begin to meet its financial obligations by simply printing money."
"I think a lot of us would question the efficacy or logic of it being passed through to the consumers, because it counts against the whole notion of the program."
"But certainly we cannot allow ourselves to be in a situation where the debt continues to rise, that means more and more interest payments, which then swell the deficit, which leads to an unsustainable..."
"From being on Ways and Means for a number of year now, what ends up happening is we might pass a MedPAC recommendation or two and what we find out is Congress then takes that away because of political..."
"But that means our rates will then go up because people will leave Treasuries, yeah?"
"That is what a lot of analysts are saying is going to be the next shoe to drop, is the commercial real estate market."
"this is a worrisome picture. This is a grim outlook for the federal budget."
"We are beginning to create a new entitlement without really actually paying for it."