On the recordFebruary 24, 2010
I think heading toward a 100 percent debt-to-GDP ratio would be very undesirable, particularly given the aging of our society and those obligations we are facing longer term.
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congress.govI think heading toward a 100 percent debt-to-GDP ratio would be very undesirable, particularly given the aging of our society and those obligations we are facing longer term.
Bernanke warns against high debt-to-GDP ratios due to aging society obligations.
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Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.
the Congress ought to think carefully about how it taxes and spends and try and achieve the best outcomes it can
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.