a lot of that investment that you are talking about is investments in IT and other things.

I wonder if you could give your thoughts on why that is.

the world needs the U.S. to be stronger. And we cannot be stronger without a political system in Washington, DC, the core institutions, and on the economy that is the Congress, demonstrating they can solve some problems.

My hope, Mr. Chairman, is that we can get past what is a political problem in Washington, DC, and create a path out of the situation that we are in.

In that spirit, I want to ask you, Mr. Holtz-Eakin or any of the panelists, that $4 trillion number sounds large over a 10-year period.

My hope is that this hearing, among other work that is being done on the Hill, will show how perilous the position we are in is today, how perilous the global economy is today.

One of the things that I am worried about in our country is that we have seen periods of growth in the 1980s and the 1990s where there was a relationship between the growing GDP and growing wages and growing jobs.

Bank recapitalization does not require treaty changes.

It is not a sufficient answer to the people we represent that things have to get worse before we fix this problem.

Thank you very much for your excellent testimony.

Italy is the third largest bond market in the world, and it is the largest bond market in terms of bonds outstanding in the euro area.