I want to join my friend and colleague Paul Ryan in congratulating you, Dr. Elmendorf, on being reappointed.
The levels of debt that are projected in the CBO report in the outyears are unacceptable and unsustainable.
that cut will result in between 36,800 and 50,600 fewer engineering and construction jobs.
Mr. Chairman, if I could just briefly on that.
Now, it is true, isn't it, that if you were to make immediate deep cuts, that would have a--that would be a drag, at lea...
the reality is that we did have a 1-year budget resolution for this fiscal year.
But just to be clear on the second decade, as you indicated, you expressed your estimate in terms of GDP, and you did sa...
And so that is how we got the figure, 1.4, was we took CBO's estimates of what GDP being would be during that year and a...
the most important thing we can do as a country is to put together a credible, long-term plan for fiscal sustainability.
Immediate, deep cuts will not create a single job.
I think we agree that you and your team have been an incredibly professional organization.
If we were to throw out the CBO numbers, whether we sometimes agree with them or not, it would be a recipe for budget an...
Isn't it the case that if you reduce revenues, you increase the deficit?
the President indicated in his State of the Union address that he will impose in his budget, that will arrive Monday, a ...
The sooner we make a decision to put in place a plan to deal with the debt in the outyears, the less painful it would be...
the legislation was responsible for saving and creating between 1.3 and 3.4 million jobs.
Thank you very much, Chairman Ryan, and welcome, Chairman Bernanke. I want to thank you for your service to our country ...
Let's not gamble with the full faith and credit of our nation; that would be a recipe for financial and economic chaos.
