But in general, when you take a procurement plan and you stretch it out, it tends to drive up costs as well as delaying you obtaining the system.

Well, forgive me if I do not think they are Masters of the Universe that fully understand the complexities of the market.

No continuing resolution to fund the Government that fails to reduce spending will pass.

We believe that if we do not take decisive action, our Nation faces the most predictable crisis in history.

The budget says it will save a trillion dollars over 10 years.

I believe any American that heard that would believe that this budget balances. It does not come close to do so.

And that will create jobs...

We cannot go forward on the bald assumption that, somehow, we can appropriate and authorize spending based on a tax that is not going to be collected.

the $300 to $400 billion we spend, where money is offshored to bring in oil, is a huge, a huge burden on the American people.

I guess I have given him a hard time lately about not leading on the budget, and I think that was a valid criticism.

Deficits do matter. They always have and always will.

the reality politically is that it is not that American people oppose something like a value-added tax.

I so much appreciate your Statement that this Committee may be where the leadership has to come, and I would be there with you.

I do think the Commission's report on tax reform is very valuable, and it has a lot of suggestions that are critical.

It increases the internal debt, the gross debt of the United States.

We need a dramatic course correction. We need to get the message. We need to get in sync with reality of what is happening in the world today.

I think the point is well taken that by the Fed going down this line, people worry about the Fed.

I cannot believe that the President continues to insist that we are going to be paying down debt on this budget.

It is an asset that continues to help us be more productive and happier as a society.

The debt goes up every year, and the deficit is--the debt has increased--doubled over this period.

The President says his budget is a plan for winning the future, but you cannot win the future for our children with borrowed money.

Well, thank you, Mr. Chairman.

You quoted earlier that somebody said during the Bush administration, deficits do not matter.

Well, I know we took it over. We had a fight over that.

Senator McCaskill and I offered legislation, and we got 59 votes, that would have made statutory caps using the President's budget.