The government could either raise $100 by selling allowances and then give that amount in cash to particular … - Peter R. Orszag

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A more effective international disease surveillance system is essential for global security both against a bioterrorist attack or a naturally occurring disease.

Peter R. Orszag

The government could either raise $100 by selling allowances and then give that amount in cash to particular businesses and individuals, or it could simply give $100 worth of allowances to those businesses and individuals, who could immediately and easily transform the allowances into cash through the secondary market.

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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.

Fall, Opportunity, United States, Dollars, Foregone, United

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.

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

Activity, Impede, Needs, Remember, Thinking

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

Acting, Deficit, Imbalance, Spending

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

Lasts, Treasury, Borrowing, Total, Collapsed, Borrower