A U.S. congressman for 20 years, Bill Frenzel has specialized in budget issues and tax policy. He was the ranking minority member on the House Budget Committee; advised President Clinton on NAFTA; and advised President Bush on Social Security and tax reform.
In watching Congress for more than 40 years I've never seen such a total mess. We really are entering the worst of all worlds. The result is awful. The process is a disgrace. The Democratic and Republican leaders are talking at each other, not with each other. And we have a president who doesn't want to lead on fiscal matters. I don't see how this ends well.
These [federal spending] caps could well be amended a number of times along the way. There always need to be amendments to any fiscal plan.
[The number of checks] tells you what the government can do for people…on the other hand, it scares…you because we do so many things.