we have a full analysis that was recently presented to the Congress from the Congressional Budget Office that indicates that the debt would increase by close to $2 trillion over the next 10 years.

the tax bill that we just passed would pay for itself, meaning that it would not add to the debt.

Renewing my request following your earlier testimony before the Senate Banking Committee on January 30, please provide the distributional analysis performed by the Treasury Department's Office of Tax Analysis regarding the size of the…

And as I understand what you are saying, the Treasury has not done that detailed estimate with respect to the debt...

And if there's billions of dollars that are sitting around that still haven't been programmed, I would like you to reconsider why all these other States, including my own, were roped off from it.

But although it's helped many people avoid losing their homes, the diligent work of the Special Inspector General for TARP has provoked a lot of bipartisan anxiety about how State agencies are administering the program.

I'm not quite sure why you would describe Adam Smith as a conservative as opposed to a liberal. He, of course, was a great liberal economist and philosopher.

I mean, of course, what we're interested in is terminating the underlying practices that are wasting public resources that should be going to people who are in need, right?

No doubt.

there's a lot of questions here that I want us to get to the bottom of today, and I thank you for calling this hearing.

But it's a matter of administrative discretion, right? It was not built into TARP itself.

I would like somebody to explain that to me, why did the Treasury Department exclude Maryland.

Mr. Raskin. Mr. Chair, thank you very kindly.

The Hardest Hit program was set up to provide targeted aid to families in States that were decimated by the downturn of the housing markets.

Here are the principles, and here's what's getting to get you sent to jail. And we're very serious about enforcing this, because it's the public's money and it's people who need it.

Mr. Raskin. Do the kinds of waste, fraud, and abuse that you identified in the Hardest Hit program afflict the other programs under TARP as well?

Mr. Raskin. Okay.

the expenditures that are reported here are kind of eye-popping.