Rising interest payments represent, arguably, the greatest threat to our Nation's financial security.

So, simply put, it is not in our economic interest to shrink the size of the workforce.

Debts have consequences. If you truly want to support our Nation's children, then we have got to live within the limits that we have set for ourselves.

Clearly we must pursue a new course that creates jobs and does not add to the debt.

A budget is a document that brings all the President's policies together in one place. It reveals the President's agenda in its entirety.

I am not going to ask a question. I did have a question, but I kind of want to make a statement that I hope that we can avoid a situation where the government says you do something and you do it, and it is abiding by the regulations and…

The American Enterprise Institute studied salaries of bank regulators and compared them to salaries of bank employees. They found that bank regulators on average made more than double the amount of their private sector counterparts.

I mean, how reasonable is that? This is the same Mr. Lew that sat at that table there and said the President's budget would spend only money that we have and not add to the debt anymore.

CBO now projects that the Affordable Care Act would reduce the number of full-time equivalent workers by about 2 million by 2017, 2.5 million by 2024.

You are a public institution; you are public servant. Why are you different than any other part of the Federal Government that will make the same information available?

The President for political purposes refuses to look the American people in the eye and tell them the truth: that we are on an unsustainable fiscal path.

How long will it take you to get your balance sheet down to $800 billion like it was in 2008?

It is a tax-and-spend budget. It just is. It is not going to pass. It will never pass.

I still believe that that exceeds your authority.

What would be wrong with providing that information, a Freedom of Information request? What would be wrong with that?

What works for one may not work for another. But companies must be proactive.

Thank you. According to CBO, Federal revenues are expected to reach $3 trillion this year, or 17.5 percent of the economy, which is just a little bit below a 40-year average.

I hope that when you say you will work with States, that is something that is practical to do.

I agree with you on the latter point.

President Obama's budget by his own numbers, your numbers, would add more than $8 trillion to the debt, bringing the total debt from $17 to $25 trillion.

We want to see a growing economy that helps workers find jobs, that ends flat wages and reducing wages and creates naturally through the process of free enterprise higher wages for American workers.

Simply proposing to break the spending limits is irresponsible.

The President's health care law remains perhaps the greatest threat to our financial stability with GAO estimating it would add $6.2 trillion to our long-term unfunded liabilities.

This hearing will help bring more details out, I hope.

I think we are all trying to find the same solution. This is not a case of a group of business people on one side and the government on the other side.