"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."
"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..."
"the reality is that we did have a 1-year budget resolution for this fiscal year."
"Isn't it the case that if you reduce revenues, you increase the deficit?"
"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..."
"Let's not gamble with the full faith and credit of our nation; that would be a recipe for financial and economic chaos."
"your assessment right now is that we do not have an inflation problem in the United States, is that correct?"
"failure to raise the debt ceiling would be, quote, Catastrophic for our economy and financial system."
"Last question is I was pleased to see in your testimony that you believe that certain investments, national investments in our economy, can in fact lead to productivity and growth."
"it would be reckless from an economic and financial perspective to allow, to essentially default on our debts."
"Let me ask you a quick question on the fiscal policy, because I think we all agree that the Congress should act now to put in place a plan to get our deficit and debt under control."