He helped lead and write a major report on causes of the 1987 stock market crash, then served in George H.W. Bush’s Treasury Department as undersecretary for domestic finance.
supporting no labels. we are all here for a common cause. that is washington is broken and things have to change. i do not think there is anybody in this room or in america or for that matter any journalist in this room today that has not written about the fact that this place is broken. so what concept is an honest day s work = an honest day s pay. for centuries, that has been the goal and a common phrase in america. and for some reason, we have lost that in washington, d.c. what we re trying to do is that we are trying to get everyone to budget. everyone does budget. you budget, state s budget, city s budget, municipalities budget, but we do not budget here in washington and we have not for 2.5 years and i m being told we will not have a budget next year. the reason is that we do not want to hate take tough votes. can you imagine? so this is the concept. if we do not budget by the end of this fiscal year, september 30, and we did not pass the appropriations bills, members