"We are not facing a revenue problem, it is a spending problem."
"The cost of inaction will be borne by the young teachers who are told that their cash-strapped school districts can no longer afford their retirement benefits."
"We certainly appreciate your analysis. This is certainly an ongoing series, and we want to have feedback on what is necessary for us to have accurate transparency and disclosure in the marketplace."
"Americans have a right to know that the money Washington takes from them is well spent."
"Americans deserve an efficient, effective government that works for them."
"Our solemn responsibility is to hold government accountable to taxpayers."
"I think that the challenge, when you look at public plans, is that the current governmental accounting standards allow for a range of actuarial assumptions when they are calculating those liabilities."
"Would uniform disclosures assist in credit rating and transparency for investors?"
"This is a beef with the credit rating agencies, is you guys talk around the problem and actually not address it."
"In terms of what has happened in Ohio, according to municipal bond strategists, upon the recent passage of Ohio State union reform legislation, the cost of borrowing reflected by the yield of the Stat..."
"I want to thank all of you this morning for being the job creators in our country."