Peter Orszag
Peter Orszag
Peter Richard Orszagis an American banker and economist, and a Vice Chairman of investment banking and Managing Director at Lazard. He is also a columnist at Bloomberg View and a Nonresident Senior Fellow at the Brookings Institution...
NationalityAmerican
ProfessionEconomist
Date of Birth16 December 1968
CountryUnited States of America
reflects requires spending
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.
borrower department private total treasury
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
deficits
Well, I think what we need to remember is that budget deficits can impede economic activity.
activity business businesses demand driver far key trying
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.
dad mom sort typical
My mom is a very warm, typical sort of Jewish-mother type. And my dad has a somewhat, um, different personality.
faces security social
Social Security faces a long-term actuarial deficit, yes.