This is a very bad place to be.

I personally believe you and then Secretary of the Treasury Hank Paulson, followed by this administration, have taken steps that were critically important to averting a financial collapse, not only here but globally as well.

Entitlement spending needs to be contained.

These budgets, all of them in all of the Federal Government, this is not going to work.

It is important that the Federal Government maintain its responsible share in dealing with the transit costs.

The American people expect fact-based budgeting that produces more energy, not locking it up.

I do not understand why a measure of success is comparing one third grade to another third grade.

Let's get real. Yes, we have to do spending and yes, we have to do revenue.

we do not just have a spending problem, although we do have a spending problem, we also have a revenue problem.

I do not see any way around, and the question is timing.

I agree with the Chairman that our current deficits are not sustainable, and they are huge national security issue that needs to be dealt with on a bipartisan basis by having a credible plan to deal with the deficit.

We are borrowing 40 cents of every dollar that we spend.