"As this committee prepares a budget for fiscal year 2014, I urge you to reverse the devastating cuts to education and R&D that have been enacted by sequestration."
"By some estimates, the cuts from sequestration to R&D will result in a loss of 600,000 jobs over the next three years."
"It is hard to actually look at this and conclude that there was not a positive benefit."
"When people ask me to reduce to a single number where are we and where our economy is, I go to household net worth."
"I personally, from a political point of view, am very skeptical that unless we have an automatic punchbowl retractor, it is going to be very difficult to hold back."
"Household net worth has rebounded by more than 10 times that."
"It is remarkable, in that context, that we are not in a great depression today."
"There's no transparency here. I mean, Obama promised that we're going to have time to look at everything that goes through Congress."
"The title of this hearing involves monetary policy, but the subject seems to be the overall health of the economy."
"the most interesting number to me there is that credit default swaps are 7 percent, which is interesting considering the effect that they have had on our economy."
"the systemic risk probably is not there if that is what we are worried about."