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On one side you had a combination of mean-spiritedness and fantasy; on the other you had a reaffirmation of American compassion and community, coupled with fairly realistic numbers. Which would you choose?

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…the only way to balance the budget by 2020, while simultaneously (a) making the Bush tax cuts permanent and (b) protecting all the programs Republicans say they won’t cut, is to completely abolish the rest of the federal government: “No more national parks, no more Small Business Administration loans, no more export subsidies, no more N.I.H. No more Medicaid (one-third of its budget pays for long-term care for our parents and others with disabilities). No more child health or child nutrition programs. No more highway construction. No more homeland security. Oh, and no more Congress.

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For a decade we sent our best minds not to make computer chips in Silicon Valley but to make poker chips on Wall Street, while telling ourselves we could have the American dream — a home — without saving and investing, for nothing down and nothing to pay for two years.

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This is a clear demonstration of how derivatives and synthetic securities have been used to create imaginary value out of thin air.

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Guys, you Americans are lazy investors. There’s so much growth here but you want to float in the shallow water of the Dow Jones or Nasdaq.

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Education is the most important thing in the world,” she said. “Once you realize that, there is nothing you cannot accomplish.