04/25/2016
https://www.congress.gov...
"It is important to be cautious about the idea of going out in this health reform debate and spending vast sums of new money right out of the gate."
"We ran the numbers, Dr. Elmendorf, with the CBO figures. You all indicated that we are going to spend $2.5 trillion this year on health care."
"Market economics has always been about chicken-and-egg. You make investment decisions, and if they are the right ones, promising things happen."
"the Obama administration, to its credit--Senator Conrad and I have been hearing encouraging news on this point--wants to do that"