We must ensure that the taxpayers' money is spent wisely and that capabilities are delivered without delay or extra expense.
The Air Force is dependent and required to provide the entire support now that NASA has reduced its play.
We have, in space, the most capable program in the world by far.
The cost for space launch vehicles has risen.
one of the most results-driven aspects of our entire Federal budget.
It is a catastrophic risk.
I hope not.
So they learned something, didn't they?
Before we discuss solutions, I think on this Committee we should first clearly identify the problems we are trying to solve.
In order for this Committee to reform Fannie Mae and Freddie Mac, it must first understand why those institutions failed.
We think we could do a lot better this time around.
I agree with Secretary Geithner that housing finance reform is overdue and should be promptly addressed.
Guarantees are perilous. Governments are not very good at doing them, not very good at designing them, not very good at pricing them, not ve...
encouraging low down payment lending is a mistake. It just creates gambling.
I just believe that if we come push to shove, that it is going to be very difficult for the Government not to step in and save the system.
I will say it again. In order for this Committee to reform Fannie and Freddie, I believe that we must understand here why those institutions...
I think it would be very difficult to price risk.
It would be a lot less risk to the taxpayer, too, wouldn't it?
