The federal budget deficit is the biggest single impediment to revitalizing the American economy.

Politicians pay more attention to interest groups than to the public interest.

most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.

The job of the Central Bank is to worry.

One would hope that you would have a CBO director who does not let ideology get in the way of making good estimates. [Congress] values having a credible institution that they can rely on to give them the best estimates possible.

The 'American dream' ... means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The 'American dream' also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them. In recent years, the dream has been fading.

If simple, painless solutions to public problems existed, they would have been found long ago.