Peter Orszag Quotes

United States, Banker
December 16, 1968

Peter Richard Orszag is an American banker and economist. He is Head of North American M&A and Vice Chairman of Investment Banking at Lazard, where he also serves as Global Co-Head of Healthcare. He is also a columnist at Bloomberg Opinion.

Also known as Economist

Every day is like that, eight successive meetings on eight different topics, every one really important and interesting.

Peter Orszag
- Important
- Day
- Meetings
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

Peter Orszag
- Spending
- Revenue
- Deficit

The government could either raise $100 by selling allowances and then give that amount in cash to particular businesses and individuals, or it could simply give $100 worth of allowances to those businesses and individuals, who could immediately and easily transform the allowances into cash through the secondary market.

Peter Orszag
It is a foregone opportunity that we could have a trillion dollars more of income for the United States if we were producing at capacity rather than falling so far short of it.

Peter Orszag
The most important thing for small businesses is getting the economy back on its feet. That - the key driver of small business activity is demand for their product, and that is what we are trying to do, getting the economy back on its feet. That's far more important than other factors.

Peter Orszag
Something that's unsustainable, like a dysfunctional relationship, can go on longer than you expect, and then end faster and messier than you think.

Peter Orszag
There've been times where I wondered whether it was worth continuing in my own education.

Peter Orszag
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.

Peter Orszag

Social Security faces a long-term actuarial deficit, yes.

Peter Orszag
Well, I think what we need to remember is that budget deficits can impede economic activity.

Peter Orszag
- Activity
- Budget
- Deficit