John B. Taylor: “Congressional Republicans want to cure our spending disease in part by reforming entitlement programs.”

The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.

The powers are almost like a virus in the body politic of municipal democracy.

I certainly don't want to--want my grandkids to see the crisis scenario, in which the interest rate on the debt will skyrocket abruptly because investors will no longer have confidence in our government's ability to pay its bills.

You don't increase taxes.