Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
budget certainly clear forward measure measures medicare paying president progress risk security sign social steps
The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt,
adjustment balanced believe countries expansion exports global increased needs public rather reduced
We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports.
budgeting capital environment information irs planning projects rational technology
Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult.
added combat conflict gain gains global helping imperative poorest poverty reverse today urgency work
The overarching global imperative to work to combat poverty ... must gain added urgency today when HIV-AIDS, conflict and other catastrophes are helping to reverse years of development gains in the poorest countries,
assure bombs financial good joined logic malicious system thinking threats treasury
When I first joined the Treasury some years ago, I can assure you we were not thinking about threats to the financial system emanating from viruses, Trojan Horses, logic bombs or malicious code, ... But we are thinking about those things now, and with good reason.
among continue cooperate discussed economic emphasized exchange financial major markets monitor rates reflect view
We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.
formal requests
We are not contemplating formal requests from any other country,
aspects broad canvas center chairs research
We are considering naming chairs after distinguished Indians. The research center will look at a broad canvas of research on all aspects of India.
afford best chance china complex global highly inviting keeping ourselves pacific rather region stability system
We afford ourselves the best chance of maintaining stability in the highly complex Pacific region by inviting China into the global system rather than keeping it out,
banking candid guy pressure reform system trade
We want to be candid about the need for them to reform their banking system and do more on trade and the like, but the guy (Hashimoto) is also under a lot of pressure right now.
expansion mindful
We are mindful that we must not take our expansion for granted.
analyze avoid best countries create might past room situation
These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems,
depends future people relations shape success
The success of the India-US relations depends on connections in other fields. The experiences of young people will shape the future of the India-US relations.
certainly develop economic focus market reference respect stock sustain together
Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that.