Social Security faces a long-term actuarial deficit, yes.
Every day is like that, eight successive meetings on eight different topics, every one really important and interesting.
Like Eight Every
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.
I Had White
My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality.
Type Typical Mom
There've been times where I wondered whether it was worth continuing in my own education.
Own Continuing My Own
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
Private Borrower Left
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
Well, I think what we need to remember is that budget deficits can impede economic activity.
Budget Deficits I Think Need
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.
Far United Opportunity