Social Security faces a long-term actuarial deficit, yes. Peter Orszag More Quotes by Peter Orszag More Quotes From Peter Orszag The fact of the matter is right now politicians and insurance companies are making decisions. We're saying we want doctors to be making decisions. And I think that will lead to a higher-quality, lower-cost system over time. Peter Orszag saying think matter time I have young kids. The fiscal burden that will be imposed on them is going to depend primarily on whether we tackle this looming problem in our health care system - with rising costs that don't seem, by the way, to be necessarily associated with higher quality. That is the key burden that they will face. Peter Orszag face quality care health 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. Peter Orszag small important business feet There've been times where I wondered whether it was worth continuing in my own education. Peter Orszag worth own my-own education 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. Peter Orszag thought cat white house Every day is like that, eight successive meetings on eight different topics, every one really important and interesting. Peter Orszag every-day day meetings important My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality. Peter Orszag warm dad mom personality 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. Peter Orszag falling short more opportunity Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other policy changes, that put us back on the path to a balanced budget. Peter Orszag changes back things path Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing. Peter Orszag effect last left standing Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both. Peter Orszag both well revenue acting Well, I think what we need to remember is that budget deficits can impede economic activity. Peter Orszag budget need think remember
