Political Quotes

“Folks that are watching this at this late hour are unfortunately seeing politics over policy. The ranking member wants to agree but just can't let herself. This policy that we have seen, 73 percent of the Democrats on her committee signed a letter saying we need to hit the pause button; we need to make sure that we understand what this policy that got shipped over to us from the Senate is going to mean. Unfortunately, it has been plunged ahead, and we are moving ahead with this. This is less than ideal policy that we are looking at, but our choice isn't good choice versus bad choice. Our choice is less than ideal versus very bad choice. What we are seeing here is that we need to examine this further. It hasn't been looked at in over 50 years from the Committee on Financial Services. So I hope two things: one, that we are going to have a change in the way the House operates. I believe that that new day has arrived and that we will be doing that, but we are not sure exactly what this fixed rate is going to be. I will point out, though, that with that 6 percent return, the Fed has been able to build up a $29 billion, with a B, surplus account, which is where we are today. Chairman Hensarling of the Committee on Financial Services had written the GAO requesting a study of that. I put out this letter, a bipartisan letter where we had 150 colleagues, that was forwarded. What we are doing is a better offset.…”