I certainly salute his transparency, putting on the table things we know are going to be expenditures.
On an overall basis, I see something quite different, and I think CBO will also conclude something quite different.
The outrage of people cannot be dismissed.
You cannot claim that you are being disciplined if you leave off the table the most significant item that has to be addressed.
If you are at 23 percent of GDP for spending, and you only get your revenues up to 18.2 percent of GDP, you have got a structural deficit of...
What is going to happen is our banking system as we know it is going to change.
The problem is housing. You will not get the results you want from that money.
We have a revenue system that, too, I think is broken, badly out of date.
If anybody thinks this stuff is just numbers on a page, they are in for one hell of a surprise.
We need a stimulus package. We need it badly. But we need it to be on point.
CBO's new estimates show the deficit in 2009 will be $1.2 trillion.
We have to put in place an aggressive economic recovery program.
I want to welcome everyone to the Budget Committee today. The hearing this morning will focus on the debt outlook and its implications for p...
We would rather set up a process to get to that policy, which requires decisions and then requires action that is the best approach.
Clearly, that is unsustainable.
As a taxpayer, I do not support $350 billion--and I did not at the beginning.
We have entitlement programs the promises of which simply cannot be kept.
I am a strong advocate of PAYGO, but to me this is way beyond what PAYGO can do.
