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.

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.

In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.

The fact is I've been in Massachusetts for the last two weeks, and it seems over the last few days that the price is increasing by the hour at the pump, so there needs to be an aggressive investigation.

I feel that education needs an overhaul - courses are obsolete and grades are on the way out.

Today's interpretations of religion are often backward and contradict the needs of civilization.

We are a communicating nation which needs access to space, access to the seas.

Every kid needs a mentor. Everybody needs a mentor.

One needs a Seer's Vision and an Angel's voice to be of any avail. I do not know of any Indian man or woman today who has those gifts in their most complete measure.

So the old Copenhagen interpretation needs to be generalized, needs to be replaced by something that can be used for the whole universe, and can be used also in cases where there is plenty of individuality and history.

All of us who are convinced that our military needs all the support the government and public will provide are pleased that he will have his chance to do just that.

It's depressing and scary, but he needs to know the world around him because he's fourteen now and in two years he's going to drive. He needs to know what goes on out in the world. I'm not going to always be there.

You feel the music needs something but you don't know what. So you start searching, fitting, measuring, trying. Every time you try another angle. And sometimes that's frustrating, especially if you don't come up with something for three days.

Remember, man does not live on bread alone: sometimes he needs a little buttering up.

But clearly at the same time you've got to get out there and connect with voters and actually respond to the needs, the frustrations, whatever problems their now saying are not being adequately solved.

From a reality perspective, I'm sure part of that is true, but this is the largest blackout in U.S. history. If that is not a signal that we have got a problem that needs to be fixed, I don't know what is.

One of the things about leadership is that you've got to show up. And if you want to be president of the United States you've got to make a case to the American people that Barack Obama needs to be dismissed from his position.

So many gods, so many creeds, so many paths that wind and wind while just the art of being kind is all the sad world needs.

For the theatre one needs long arms... an artiste with short arms can never make a fine gesture.

Schools that are to cater for the whole population must offer courses that are as rich and varied as are the needs and abilities of the children who enter them.

We have a group of friends of the museum who try to raise, if they can, periodically something to help us. Of course, the main thing about a building like this is its upkeep. It needs central heating and it needs central air conditioning.

John the Baptist was supposed to point the way to the Christ. He was just the voice, not the Messiah. So everybody's calling has dignity to it and God seems to know better than we do what is in us that needs to be called forth.

A modern health and social care system has to be completely focussed on the needs of its users.