"The levels of debt that are projected in the CBO report in the outyears are unacceptable and unsustainable."
"The sooner we make a decision to put in place a plan to deal with the debt in the outyears, the less painful it would be."
"Now, it is true, isn't it, that if you were to make immediate deep cuts, that would have a--that would be a drag, at least in some measure, on the economy and the jobs in the short term; is that right..."
"the President indicated in his State of the Union address that he will impose in his budget, that will arrive Monday, a 5-year freeze on non-security domestic discretionary spending, which, by his acc..."
"that cut will result in between 36,800 and 50,600 fewer engineering and construction jobs."
"Isn't it the case that if you reduce revenues, you increase the deficit?"
"But just to be clear on the second decade, as you indicated, you expressed your estimate in terms of GDP, and you did say that you believed that repealing the health care reform law would increase Fed..."
"And so that is how we got the figure, 1.4, was we took CBO's estimates of what GDP being would be during that year and applied the percent savings you indicated."
"Mr. Chairman, if I could just briefly on that."
"the reality is that we did have a 1-year budget resolution for this fiscal year."
"Thank you very much, Chairman Ryan, and welcome, Chairman Bernanke. I want to thank you for your service to our country during a period of great economic turmoil."
"Not to focus on the debt limit as being a bargaining chip in this discussion."