I find myself in agreement with what you said and with what Mr. Doggett said. I think that is the path forward, to have deliberative effort here.

Now, Social Security is not going bankrupt in 2036. I have not heard one actuarial suggestion that that is the case.

But what I heard Ms. Brainard say that they have allowed their currency to appreciate by seven percent over the last 5 years, a decade, not really a note of accomplishment, is it?

The problem with sovereign capitalism is that if you suggest that you can only accept a partnership up to 49 percent of the corporation, the difficulty is that it allows our trading relationship to be diminished because they get all of the…

the question would be what does Nick Brady, Lloyd Bentsen, Bob Rubin, Paul O'Neill and Tim Geithner, all have in common? And that is that they have assured this committee that they could manage the Chinese currency issue without…

the frustration is really bipartisan in nature, and it has been the repeated assurances of successive administrations, Democrat and Republican, who have suggested just leave it alone, which raises the suspicion here that the reason that we…

I thank the gentleman from Michigan for the nice words of introduction. Mr. Speaker, the U.S.-Panama Free Trade Agreement is an example of how to do a trade agreement right. This agreement will improve the U.S. trade surplus, emphasis on…

I'm fascinated by this argument, for the people that are viewing it, largely because this is not an argument about new spending; this is an argument about paying for past spending. So when Bill Clinton said ado, said goodbye to the…

I thank the gentleman from Michigan for yielding the time. This argument today is not about new spending. The argument today is about paying our bills. This is the credit card that has come due for the irresponsibility that we witnessed in…

Thank you, Mr. Chairman.

Even Dick Armey, as the Majority Leader, stated as he offered his sales tax proposal at the time, which is a bit different than what we are discussing here--Dick Armey used to say not only would there be a substantial transition cost that…

the argument that we were making when I was working for Jack Kemp was that you would not lose as much as the static revenue loss because if you got some growth in the economy, that would enlarge the tax base and you would get back some of…