We should take a fresh look at conflicts across the system because you do not want to have anybody in public office have their actions viewed through the prism of concern that they are motivated by anything but the broad interests of the system.
Geithner emphasizes the need to address potential conflicts of interest.
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If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
What the President proposed in his budget is a series of detailed changes to our resources and our commitments that would reduce our deficits from 10 percent of GDP to around 3 percent of GDP, which is primary balance.
People don't like to pay taxes. But they are more likely to pay taxes if you can make them more confident that they are not going to be wasted by their government.
If you call into question the willingness of the Government of the United States to meet its obligations, you will shake the basic foundations of the entire global financial system.
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