Tom Coburn

Why would you not have this Subcommittee?

The point that Senator Durbin made about developing mental illness in prison, it is easy to see.

We think we can do it more economically. We know we can do it more successfully.

Where Senator Durbin and I differ is that, number one, I look for a constitutional role within the enumerated powers.

I ask that the record clearly reflect my full and firm opposition to S. 1011.

Recognizing Native Hawaiians as an Indian tribe and sovereign entity without participating in the standard federal recognition process sets a dangerous precedent, threatens the framework of our nation, and, above all, is unconstitutional.

I want to thank you for this opportunity to express my opposition to S. 1011, the Native Hawaiian Reorganization Act of 2009.

Is the bill Constitutional?

The President said he would like to competitively bid everything, even the things that we are trying to do that have not been done yet.

Medicare and Medicaid paid out more than $312 million last year for quality care bonuses to nursing homes that provided below-average care.

The Department of Defense paid $8 billion in unwarranted bonuses to contractors for weapons programs that had severe cost overruns.

Americans think we do not get it up here.

NASA paid Boeing a bonus of $425 million for work on the Space Station that ran 8 years late.

One of the reasons people were investing there is fear of not getting a return in other investment vehicles.

So people are going to start loading out of CME to somewhere else in the world if it is not fixed?

It is not really good for your business in the long term, is it?

I am not sure many people recognize that as a legitimate economic policy.

That is why we see China doing what they are doing.

What do you attribute the tremendous increase in activity in index funds, especially as related to commodities?

But there is some risk?

So you think there is minimal risk for us of losing capital in this country by making these changes?

If you do all those things, won't this money go to an overseas market?

Does everybody at the table agree that there needs to be changes in the contract on wheat?

So who makes the money off that?

So let me go to you, Mr. Strongin. Have I got this right, that I could actually buy an index fund, pay the storage cost, and net about 4 percent versus the cost of my money, if nothing changed in terms of the price of the contract and I…