07/17/2012
https://www.congress.gov...
"I think it has been clear that across the panel there was no indication that anybody from the private sector has suggested that there is a credible private sector-only solution here."
"In the moments of crisis, the American people are going to expect us from the Congress to react, and chances are, at the end of the day, the public is going to be on the hook anyway."
"I believe this adds to our deficit. It will cost us more later than today, not to take advantage of these record-low interest rates."
"We bought ourselves a couple years, but at $17 trillion in debt, a 100-basis-point increase in interest rates adds $120 billion a year."