The Deepwater Horizon incident is a very serious disaster and it is heartbreaking to think of the lives that were lost, the livelihoods that have been affected, and the impact on the environment.

a $1.5 trillion deficit is a huge thing, and we will pay interest on that forever.

I think it is a dangerous theory. It is part of the reason we are here, this GDP argument. The debt goes up.

We are sending more students, we are spending more money, and we are getting less for it.

I was flabbergasted to see that the Department of Transportation is asking for a 62-percent increase in spending.

Forty cents of every dollar we spend is borrowed.

I believe you are a strong administrator. I think you have the ability to do that.

We are going to fight for spending cuts this week, next week, next month, next year.

I think there is zero chance of us passing such a tax as this.

Extensions are raising benefits.

Well, but we are not going to go down that road either, because that is the military conflict and one of the things we hope to achieve by this rapid draw-down--I hope it is not too rapid--is a financial savings and that to be separate.

We are not inclined to use a share of the economy anymore. That is why we are broke.

I felt that. Thank you.

Since we are so short of funds, we need to see some real efficiencies that actually enhance education without driving up costs.

We have to take the steps that we know need to be taken today to protect our people from danger in the future.

This idea that you are balancing the budget somehow when you are not is the Washington theory that got us into this fix.

Former Federal Reserve Chairman Alan Greenspan said recently that we have almost a 50-50 chance of a bond market crisis in the next 2 years.

Can the American people have confidence that you and the administration are on the same page?

He said--I quoted him as being 100 percent certain that he could pull back and not allow inflation to take off.

I criticized the Bush administration. We had surpluses, and somehow it got around that deficits do not matter.

the United States Treasury is going to receive a lot less money because this is a foreign company and they probably will not even incorporate in their country.

It increased the internal debt of the U.S. Treasury because the money expended for the health care program is borrowed from Medicare, at least a substantial portion of it.

There is a soft bigotry of low expectations.

You are proposing to increase that much. They are not going to be increased that much because we do not have the money.

I think we can all agree that funding and money does not necessarily improve education.