Adam Frisch: “Thirty years ago, we actually had a little bit of a surplus.”

“Neither party has a monopoly on good ideas, and both parties have some really, really horrible ideas. And both parties are responsible for $35 trillion in debt. We have a $2 trillion deficit just on an annual basis. Thirty years ago, we actually had a little bit of a surplus. We need to figure out over the long haul. It's not going to be done in seven months or seven years, but we have to figure out how to kind of change that cost curve and try to figure out where we can get revenues.” (10:36–10:39)

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