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Only the man who has enough good in him to feel the justice of the penalty can be punished; the others can only be hurt.

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Peter R. Orszag

There've been times where I wondered whether it was worth continuing in my own education.

Continuing, My Own, Education, Times, Worth
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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.

Government, Giving, Energy, Give, 100, Simply

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.

Cat, White, House, Privileged, Meow

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
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