Mr. Speaker, in his 2008 campaign, during an interview with the San Francisco Chronicle, the President promised energy rates ``would necessarily skyrocket'' under his policies. Since February 2009, the price of gas has jumped from $1.92…

the recovery is not yet complete. Unemployment remains high.

we could achieve the very desirable long-run fiscal consolidation that we definitely need.

increase democratic accountability, promote constructive dialog between policy makers and informed outsiders, and reduce uncertainty in financial markets and help anchor the public's expectations of long-run inflation.

Well, the issue that the Europeans and the Canadians and the Japanese and others have raised is that because there is an exemption for U.S. Treasurys but not for foreign sovereigns in the Volcker Rule, they believe they are being…

One approach would be essentially to create some more capital.

If you think about that, what that really does is that it makes it unattractive to be the first person to be to withdraw your money and, therefore, it reduces the risk of runs considerably.

the United States is on an unsustainable fiscal path looking out over the next couple of decades.

So we support the SEC's attempts to look at alternatives.

The goal of the Volcker Rule is to reduce risk taking by institutions.

eventually at some point, the economy will strengthen, inflation may begin to rise, and the Fed will have to begin to raise short-term interest rates.

we will face a fiscal and financial crisis that would be very bad for growth and for stability.

I think, though, the Federal Reserve in general and I personally would have to agree that there are still some risks in the money market mutual funds.

more than 40 percent of the unemployed have been unemployed for 6 months or more.

I think if there was a goal of the white paper, it was simply to encourage Congress to look at these issues.

You're exactly right. You know, we had a tragic accident. Nobody is running from the fact that Deepwater Horizon was very tragic in the Gulf of Mexico, and we'll learn from that. The oil companies, energy production companies will learn…

You're exactly right. These are about American jobs going overseas and American tax dollars going overseas, and American-earned income. Because, as I mentioned earlier, you're digging deeper into your wallet, taking out--instead of a $20…

Gentleman from Colorado, that's a great example. I've never heard him talk about that. The administration talks about the exact opposite. They want us to pay for what Europeans pay for oil and natural gas. They want to see us move toward a…