all that being said, you asked whether the fiscal policy was a prlem. i think the long-term unsustainability of our debt is a significant problem because it threatens higher interest rates, less confidence, and it could have impact on t current recovery. and so i have been urging congress to address these problems, not just in the current fiscal year. but looking over a longer time frame because it is, in fact, over the next 10 or 20 years, that these problems are going to be extraordinarily pressing. >> senatis that the number one problem, as you see, is our unsustained -- i mean, our continued spending and our accumulation of the debt? >> yes, i would say it is. >> number one economic problem facing this country? >> over the longer term, certainly. certainly something to be addressed to get us back on the sustainable path. that can't be done over the next week. we need to look over the next five, ten, 15 years how we're going to get on a sustainable path. >> thank you. >> senator reed. >> thank you very much, mr. chairman. i assume you're familiar wit