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

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

For example, I was privileged to be working at the White House under the Clinton administration and had not finished my Ph.D., and I thought I was the cat's meow.

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

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.

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

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