I look at this budget and it seems to be exactly the opposite: record increases in spending, biggest peacetime deficit in American history.

I don't understand how you make it work with growth and still raising taxes.

So Harry Truman slashed taxes, slashed spending, slashed Federal employees, and the economy grew out of a debt comparable to the one we have now?

Those tax cuts won't pay for themselves, that they will add significantly to the deficit.

If higher and higher spending and bigger and bigger deficits and massive government stimulus spending was the root to prosperity, I would have thought that the George Bush administration would have ended with a new golden era for the…

In 1945, Harry Truman abolished the excess profits tax. He slashed Federal income tax rates.

Mr. Van Hollen earlier today said that we must not jeopardize the full faith and credit of the United States Government, and we all agree with that.

We faced an engineering issue. A blowout preventer failed, and it failed catastrophically. It caused enormous environmental and economic devastation.

After the Commission concluded its work and issued this report, we still don't know why that blowout preventer failed.

No one would argue for the need for additional water facilities, but I think you would have to agree that 200 billion gallons of water would have made all of the difference in the world in the Central Valley if it hadn't been diverted for…

I think the Central Valley would define failure as 40 percent unemployment in Mendota and an agricultural industry that has literally been brought to its knees.

More than 200 billion gallons of water have been cut off to the Central Valley of California.