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.

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

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

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

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.

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

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