Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.

Well, I think the best thing we can do for the short term is move good energy legislation through to the Congress; I'm encouraged that there's some prospect for that now.

And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.

We have the deepest and most liquid capital markets in the world.

We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.

The global economy is in pretty good shape.

I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.

Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.

We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.

And I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.

The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.

Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.

And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.

We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.

Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend.

Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.

You don't fix the problem until you define it.

And we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.

We've had it very clear to the Bosnians that our obligation to equip and train their forces is completely conditional on the foreign forces being gone.

I know I have the mental capacity of a thousand bloggers, but because of that, my obligation to serve God is also that of a thousand bloggers.

Where we have been incorrect in what we have done, then I think we have an obligation to settle.

Basketball is in my blood. It is my obligation to try.

Honest pioneer work in the field of science has always been, and will continue to be, life's pilot. On all sides, life is surrounded by hostility. This puts us under an obligation.

The Declaration of Independence says when government fails, the people have the right to replace it. Well, New York State government has failed and the people have the right, indeed the people have the the people have the obligation, to act.

We not only have a legal obligation to honor our commitments, we have a moral obligation to provide the coverage we promised to provide to these people.

It is an eternal obligation toward the human being not to let him suffer from hunger when one has a chance of coming to his assistance.

When we ask American men and women in uniform to fight for this country and to defend this country's interest and then to send them overseas, there is no question we have an obligation to protect them and provide for their safety.

December 25th has become guilt and obligation.

So I think we have an obligation with our size to make sure that we are open to what people have to say to us because the people who criticize us, they're not all mean-spirited.

Resistance is feasible even for those who are not heroes by nature, and it is an obligation, I believe, for those who fear the consequences and detest the reality of the attempt to impose American hegemony.

We have an obligation and a responsibility to be investing in our students and our schools. We must make sure that people who have the grades, the desire and the will, but not the money, can still get the best education possible.

The Chancellor also in effect asks us to bargain away whatever obligation or interest we have as regards the neutrality of Belgium. We could not entertain that bargain either.

It has been, after all, 11 years, more than a decade now, of defiance of U.N. resolutions by Saddam Hussein. Every obligation that he signed onto after the Gulf War, so that he would not be a threat to peace and security, he has ignored and flaunted.

We as a Congress have a moral obligation to bring justice to the families of these victims. Furthermore, as a society based on laws, we have a responsibility to ensure that criminals don't go unpunished.

Our ideals, laws and customs should be based on the proposition that each generation in turn becomes the custodian rather than the absolute owner of our resources - and each generation has the obligation to pass this inheritance on in the future.

One of the problems with even suggesting that purpose of a Federal law is for law enforcement officers to assist in protecting the public outside their jurisdictions is that it may give them encouragement or even a sense of obligation to do so.

As my dad said, you have an obligation to leave the world better than how you found it. And he also reminded us to be givers in this life, and not takers.

The nation's obligation to her defenders is as old as that defense itself.

Russia under President Putin is less democratic and less free today than when he assumed office. If Russia cannot fulfill its obligation to the G-8 and maintain a high standard of democratic governance then its membership should be suspended.