the negative impact from higher taxes exceeds the revenue benefit to the Government from an increase in taxes.

Our goal is not an era of austerity but an era of prosperity.

I have to share the concern and disappointment that several of my colleagues have already expressed about what I see as a real lack of leadership here.

I really think the American people want us to make the big, tough decisions that assure us that it will restore a fiscally sustainable path.

if you look at many traditional measures of monetary policy, we are currently embarking on a very unusual and, it seems to me, dangerous course.

We cannot look at the deficit alone; we have to look at the tax rates and at the spending.

I personally do not think that is as effective as what I am suggesting, but economists disagree.

I think $100 billion in near-term spending cuts would be very useful.

America's vast proven energy reserves that we have are not being unlocked, and they are not being acted on apparently in the pursuit of a failed green jobs stimulus plan.

We are at a time where we are accumulating an unprecedented amount of debt.

the Treasury could, nevertheless, ensure that those people holding the marketable securities of this Government would receive their interest payments.

I happen to share the view that we should make structural changes.