What they perceive as newly abundant liquidity can readily disappear,
new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago.
often in ways that were not readily foreseeable a year ago.
The changes in the budget outlook over the past several years are truly remarkable, ... We need to resist those policies that could readily resurrect the deficits of the past and the fiscal imbalances that followed in their wake.