I think we all agree with these conclusions. That is really not the issue here.

That 400 billion isn't going to the bottom line to the taxpayer, it is going to create a new benefit.

The question we ask today is not whether government is too big or too small but whether it works. And where the answer is no, programs will end.

However, that has in some ways blurred the distinction of the independence between the administration, the executive branch, and the Federal Reserve and its unique independent role.

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?

We are going to make two big fiscal policy decisions just this summer, talked about cap-and-trade briefly and then health care legislation.

What is the exit strategy of the Fed? And what kind of confidence do you have that you will be able to wind all this down when the moment comes?

But the targets will be the same. So the emission targets will be as aggressive.

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.

The bill that is moving to the floor that is already out of the Commerce Committee on cap-and-trade auctions off 88 percent of the permits.

But if you don't get control of the cost of health care, then the fiscal issues are very serious.