It is going to have to be some combination of entitlement reform and revenue increases.

We will start seeing the types of volatility that you are seeing with other countries that are viewed by the market as weak.

I am passionate about deficit reduction.

I think if we think back to that problem in the crisis when there was not any resolution plan or road map.

Thank you for calling this hearing.

This initiative could not come at a more critical time for job creation in this country.

A core objective of the Bank is to support American jobs.

The reauthorization will take place during a period that may be as important as any in the Bank's history.

Well, in general, because if you are engaged in a Vietnam type military operation, which I was, you have certain support elements that are providing indirect assistance to the people who are putting bullets on the battlefield.

But it is just wrong to suggest that somehow the President went outside the constitutional process here when, in fact, Congress--us--have done nothing within those 60 days to either authorize it or declare war or not.

Nobody up here wants him to remain, but the moral standard that we set on issues like this is the same one that we should expect.

NATO countries, NATO allies cannot authorize the United States to take military action.

My position is that the Security Council cannot authorize any military action, cannot mandate any military action.

the use by a President of a very vague standard that he or she can unilaterally inject military force into situations around the world based on a vague standard of humanitarian assistance.

I do not mean to interrupt you, but I really only have about 7 minutes here.

the War Powers Act does not apply in this situation because of their very narrow and, in my opinion, contorted legal definition of 'hostilities.'

So the real relevant question here is whether or not--I agree with you. I think there are some serious constitutional questions about Predators, how do they fit, and I think Legal Adviser Koh has accepted that.

Presidents should not be able to avoid constitutional responsibilities merely because engaging the people's representatives is inconvenient or uncertain.