Thank you, Mr. Chairman.
But sending a letter when we are talking about millions of taxpayer dollars just makes no sense to me.
We need the money for other things, quite frankly.
Let me tell you, it is not working. OK? That is kind of the reason we are here, because it is not working.
Credit can be undeniably a good thing. It allows people to borrow against their future earnings.
The pathway to a strong economy and a strong middle class has been more and more difficult to travel.
It is critical to understand how excessive household debt remains a burden to our Nation's full recovery.
It can undermine our economy when it is offered on terms designed to take advantage of consumers.
There has to be a sharing of information.
We ran into problems about 10 years ago when we failed to share information.
Maybe you haven't noticed, but Standard & Poor's just downgraded the bond rating of this country for the first time in 70 years.
We have to consider the rest of the budget.
But on our current course, there is going to be some point when that happens, and it can happen extraordinarily fast as a number of other co...
We need a strategic review of the Department of Defense.
In my mind there is no question we need a balanced budget requirement.
Thank you for holding this hearing.
I want to thank you for your leadership on this issue.
The regulatory burden is just eliminating the small boat fleet.
