Peter Orszag Quotes
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Every day is like that, eight successive meetings on eight different topics, every one really important and interesting.
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Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
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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.
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Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
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Something that's unsustainable, like a dysfunctional relationship, can go on longer than you expect, and then end faster and messier than you think.
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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.
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There've been times where I wondered whether it was worth continuing in my own education.
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Well, I think what we need to remember is that budget deficits can impede economic activity.