We have learned in Iraq and Afghanistan that in those kinds of missions, it is not just the U.S. Government.

So it must not have been CBO who made the estimate that the $30 billion lending facility would produce $300 billion of loans to small business.

what is extremely important right now is the two of you and your deliberations in this deficit reduction commission.

last weekend, a Web page called WikiLeaks posted what they titled the ``Afghan War Diary.'' It involved the collection of 91,000 operational and intelligence documents about information that was collected in Afghanistan, and it was, they…

Dr. Elmendorf, would you explain the phenomenon of the fact that the U.S. Government is borrowing more and more money, albeit the Federal Reserve is trying to hold down the rates, and why those rates projected well into the future…

I do not think that a lot of people in America realize that tax dollars, their tax dollars, are actually being used to pay oil companies to drill in deepwater.

And creates an uncertainty and lack of confidence in the U.S. Government's ability to manage its financial affairs.

You all testified that you do not think that the tax cuts in the stimulus bill had much effect.

I think some of the concepts in terms of infrastructure spending made sense because I think most of us would agree that if Government is going to spend money, you want to spend something that provides long-term returns to the economy.

In your report, you discussed the concept called comprehensive approach. It goes beyond the concept of the whole-of-government concept that was emphasized in the QDR.

Do your projections square with the projections of the Federal Reserve?

And the market would give us some idea of what the market thinks about interest rates.