Kit Bond

Unfortunately, the administration has failed to develop or execute a credible plan to cleanse the toxic assets that continue to choke our financial institutions.

Economic and financial experts are telling us that economic recovery cannot occur or be sustained until we address the root cause, the credit crisis.

A lot of us in the heartland are wondering why you are treating failed banking institutions differently from General Motors and Chrysler?

It cannot be emphasized enough that a well-functioning credit market must be restored for economic recovery.

Without forcing the banks to clean up their balance sheets... we are simply postponing their day of reckoning.

If we get in a position of monetizing our debt, we will face an unprecedented disaster and go the way perhaps of Argentina.

Throwing billions of taxpayer dollars at the banks without cleansing the toxic assets is simply throwing money down a rat hole.

We've seen some positive signs of green shoots, but there are some wondering whether they will wither away due to continuing problems in the housing sector, consumer debt remaining high, significant de-leveraging occurring in the financial…

Many people, including myself, are highly skeptical of the PPIP program.

Unless we take some steps to deal with too-big-to-fail, we're going to have a moral hazard.

Are the enforcement initiatives that the IRS has announced this year coming at the cost of taxpayer service?

Thank you very much, Mr. Chairman. As I mentioned earlier, General Schwartz, I have some very real concerns about the intermediate term plans and, to be honest, what I see as a lack of intermediate plans.

We want to work with you on that.

If this budget were carried out, we would be down to one.

It has been my long-held belief that our military should procure the most capable tanker possible for our airmen using a fair, open, and transparent acquisition process.

Thank you very much, Mr. Chairman.

Unless we take some steps to deal with too-big-to-fail, we're going to have a moral hazard.

Throwing billions of taxpayer dollars at the banks without cleansing the toxic assets is simply throwing money down a rat hole.

Economic recovery cannot occur or be sustained until we address the root cause, the credit crisis.

I hope in the QDR there's some realism that strikes and that you do take a look at the costs.

I certainly appreciate your speaking about the need to protect the defense industrial base, because if we go down the same path that our fine ally Great Britain has gone, their industrial base was allowed to atrophy, so they can no longer…

The Federal Government has responded to the economic crisis with aggressive and unprecedented, but unfortunately, I believe, ad hoc actions through taxpayer-funded bailouts of too-big-to-fail private corporations.

These are tough times. You have got a really tough battle ahead.

It is a pleasure to welcome Mr. Mendez and to join with the hallelujah and amen chorus in applauding your nomination.

If we get in a position of monetizing our debt, we will face an unprecedented disaster and go the way perhaps of Argentina.