Brian Riedl Good Quotations

President Bush's pledge to halve the budget deficit by 2009 distracts policymakers from the real issue of unsustainable trends in long-term entitlement spending. The president's proposal to slow Medicare's 9% annual growth rate is a good fiscal step, but the budget does not propose enough immediate and bold reforms to the quickly growing entitlement programs that threaten to overwhelm the budget.

There's so much investment capital out there for profitable new technologies. Investors are constantly looking for good ideas to invest in. If these ideas are as good as these companies say, they should have no problem, at minimum, finding a loan.