Ken Griffin

issues with respect to the budget of the United States of America.

And to be clear, both parties today are guilty of just profligate spending.

You know, as I said at the start, the U.S.

fiscal situation is that of a nation that's trying to work its way out of a recession, except the reality is we're multiple years into a very high period of growth.

This is where we should be running a deficit of, you know, in the Clinton days we ran a surplus.

at this point in the business cycle.

We're now running a deficit of close to 6% to 7%, depending upon where a number of things land.

That is just completely irresponsible.

And so what's amazing is we're having a shutdown debate over, in the scheme of things, a relatively small amount of money.

And neither party is stepping up to the plate to deal with or grapple with the reality that the United States needs to endure a fair amount of fiscal reform to be on a path for long-term sustainability.

It's politically unpopular, and unfortunately, politics have gotten shorter and shorter and shorter in horizon.

Can you imagine that, like I said, in the Clinton days, they signed a budget with a surplus?

And yet, that was in our lifetime.

It's been a long time since we've seen that level of discipline in Washington around managing the affairs of the U.S.

economy.

I mean, you must also.

Like, we all have to worry about the level of debt we have in the United States.

The market is pretty cool about it.

The market is...

We'll look past it for a few years.