It is also true that U.S. Government bond held in the hands of a U.S. Government entity, literally has no value.

Doing nothing means cuts for everyone. Congress and the President consequently need to act.

What's frustrating to me is that there's just so much basic fundamental information we need to convey to the American public.

Social Security is part of the social fabric of America, and every Republican agrees with that as well.

The only reason you are looking for funding from the PIF is an accommodation for PIF to have a seat at the table in running golf.

I do not think it is appropriate to be asking these representatives of the PGA to make assurances in terms of what they will and will not do.

We're dipping into this, and we're going to exhaust this accounting convention, then this thing is going to be empty in 2023.

I want to save Social Security. I think everybody here in this hearing room wants to save Social Security.

There is no deal. There is no guarantee you are going to have a deal.

We are looking for accountability. We want to know what steps have been taken to make sure this never happens again.

The only reason you are looking for funding from the PIF is an accommodation for PIF to have a seat at the table in running golf.

From my viewpoint, I do not see the PGA as doing anything wrong here.

You faced an existential threat. You faced this for 2 years. You engaged in litigation and spent, what, about $50 million trying to defend yourself.

There is no deal. There is no guarantee you are going to have a deal.

I do not think it is appropriate to be asking these representatives of the PGA to make assurances in terms of what they will and will not do.

That destroys the game of golf. That is my perspective of this.

I think that would be tragic, and I think it would destroy golf because it would destroy the competitive spirit and the purity of the competition.

Your advocacy really helps drive the work of Congress, and I want to thank you for using your voices for this important cause.