I am fascinated by this conversation because you all study the housing market and mortgages day in and day out, but you reach such dramatically different conclusions.

Explicit guarantee with firm regulatory standards avoids the challenges that Mr. Wallison was speaking to.

I can't tell you how many times people come up to me and say, here's where I'm at: I'm in my late 50s, early 60s. I'm just trying to figure out how to bridge the gap until I can be under Medicare because my health problems and my inability…

if we continue current policy, then it is fair to say that we are going to experience that kind of continued widening of the wealth gap in America

Thank you very much, Mr. Chairman.

If we had a decrease in unemployment of just, say, 0.5 percent--from 9.1 to 8.6--what would be the level of revenue increase?

Instead of building on the policies that have served us so well, we embarked upon two wars, one of which was dubious at best.

is it class warfare to seek some equity in the Tax Code?

And then it was declared that deficits don't matter. This special committee was created because deficits and debt do matter.

We created a new prescription drug benefit program, which CBO estimates will cost $967 billion over the next 10 years.

If we want to solve the related problems of debt and joblessness, we need to know how these problems arose.

it is unfair that wages are often taxed at a higher rate than investments.

So it is a double whammy.

isn't it true that every major economy with which the United States competes really funds their government through consumption taxes?

it is unfair that a number of top corporations who are making record profits pay more to their CEOs than they do in taxes.

Well, just let me say, to be certain, I am just as concerned as my good friend Senator Kyl is about fraud and abuse.

it is unfair that the wealthiest among us get the most tax breaks.

is it fair to value wealth more than we value work?