Melvin Watt: “U.S. fiscal policies are on an unsustainable path.”

The real problem was that I think because there was this competition to make money for the private sector, there developed a race to the bottom.

I am wondering, if you think this is redundant and extraneous rather than contrary to the intent, why wouldn't we just accept the amendment and keep going?

I would certainly emphasize that if anybody here has the notion that I believe that I am above the law, they should dissuade themselves of that notion.

I don't think you would want either Republicans or Democrats, I don't think either one would want 15, 20 percent of their economy in conservatorship for years and years.