One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.

If the dollar were to threaten below 120 yen again, they'll intervene again. I think they've got to improve their export sector. They've got to export their way out of this.

I have argued with great futility that this entire argument is based on a flawed premise, ... If you use a more realistic GDP assumption, based on what we've seen over the past few decades, Social Security won't go bankrupt.

I have argued with great futility that this entire argument is based on a flawed premise. If you use a more realistic GDP assumption, based on what we've seen over the past few decades, Social Security won't go bankrupt.

There's a growing concern that the White House is out of touch. He has to show more empathy, and he hasn't done a good job on that.

I think Greenspan, last Thursday, really sent a signal that he wants 50 basis points (a half-percentage point). By saying that the GDP (gross domestic product) growth is close to zero, he certainly encouraged the belief that we get half a point.