Transcript: Robert Rubin Interview

STEPHANOPOULOS: But do you think either Senator Kerry or President Bush are going to have the resources and the political capital to take on the problems that you're talking about?

RUBIN: You know, here's how I — here's how I think about it, I think it is an extremely good question. I think this is the most serious threat to economic growth in this country. Senator Kerry every fiscal issue, every fiscal proposal that came before Congress, at least to my recollection while he was in Senate. He supports these pay-go rules, which is a technical thing that it basically means you have to pay for what you do right now.

And you can contrast that record with the fiscal policy of the last three and a half years. I don't think there's any question who takes these issues with more seriousness Having known Senator Kerry the way I do, I also think there's no question he has internalized the need to deal with these issues.

Rubin's book, In an Uncertain World, has just been released in paperback.

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