the Federal Government under the Bush administration has not come up with its appropriate share, and we have got to correct that.

We face the prospect of very significant deficits.

I hope you will take--and I can tell you I speak for a number of Senators, because we have discussed this.

the Bush administration starved NASA of the funds.

Well, isn't the President-elect supposed to make a statement today offering details?

I think in this era of freshness and transparency that the new administration would want to come forth with detail instead of this mumbo-jumbo that is going on.

this is part of the new breath of fresh air that I am talking about and the transparency that is needed.

do not make it a political document; make it a budget document on how we are going to have sanity and common sense in the budgetary and appropriations process and entitlement process of the U.S. Government.

We can correct that, and the President-elect has stated so during the campaign.

We are going to have to buy rides from the Russians.

Please keep your eye on Haiti.

What a great opportunity for the Obama administration.

I want you all to be mindful of the balance of issues.

Look backward and tell me with the problem having been to begin with the bad mortgages that were securitized and sold throughout the financial system, if our first response had been let us send this money in there to buy up these toxic…

It is the previous administration, so you are going to just plead the Fifth, then.

I was surprised at the degree of criticism that you received from a number of the talking heads on TV this morning.

Either guarantees or buying them up and injection of capital into the banks.

Wouldn't that then necessitate having the savings and loan approach that we had, go in and buy up those bad assets and hold them then until the price came back up?