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

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

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.

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

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

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

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