So in other words, if I might, and I appreciate your statement. As I said, I am grappling with this issue and have not made up my mind, but you are saying registration in itself would not be detrimental. It might not accomplish what its…

I have a bent that regulation, if it is not heavy-handed, has been good for the markets.

I have a bent that regulation, if it is not heavy-handed, has been good for the markets.

I will submit a statement for the record.

It's encouraging therefore that the Substance Abuse and Mental Health Services Administration has been making a significant effort to close this gap in recent years.

Yes, and you are not going to be invited to Lou Dobbs' show any time soon.

I happen to feel the same way. When you made the statement 'that is good,' I thought it is a good thing he is not Chairman of the Council of Economic Advisers.

I happen to feel the same way. When you made the statement 'that is good,' I thought it is a good thing he is not Chairman of the Council of Economic Advisers.

I cannot overstate the importance of this trend for our men and women in the workforce, and appreciate Chairman Greenspan's continued optimism in the American economy.

Second, we need to continue to provide economic incentives through tax cuts, including making the previous tax cuts permanent.

First, we need to address the looming problems in the various entitlement programs.

Yes, and you are not going to be invited to Lou Dobbs' show any time soon.

Second, we need to continue to provide economic incentives through tax cuts, including making the previous tax cuts permanent.

I believe that the U.S. economy is on the right track. The economy is growing, payroll employment is up, and new and existing home sales set new record highs in May. This is good news.

Thank you, Chairman Shelby, for convening this important hearing. I always look forward to the opportunity to hear from Chairman Greenspan.

However, we cannot take the positive economic news for granted; Congress needs to do more to continue to promote a healthy economy.

I cannot overstate the importance of this trend for our men and women in the workforce.

I appreciate the Chairman's willingness to visit with us so often, and explore areas of concerns with regard to our economy and monetary policy.