I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity trading and does not do it in a tax-sheltered location, they are going to pay taxes on that, trading profits before they…

The reason they are set up in offshore is to eliminate that corporate tax on those trades, correct?

Is the purpose for setting up an offshore commodities trading firm to avoid taxes?

I have a question for my colleagues. Are we proud of this process? Have we fulfilled the responsibility to the citizens of this country with this process? Nobody can answer yes to that. And yet nothing seems to change. You know, $3.5…

I thank the Senator for his question. I think the people need to know what the GAO actually does. The GAO is nonpartisan; they are not Democrats or Republicans. They are accountants, and they are investigators, and they are the most…

I would just respond to the Senator, I don't know for sure because we haven't been able to go through the whole bill, and the creativity associated with parochialism and getting reelected by helping the very well-connected few in this…

If I could respond, that $25 million is going to go to one company--we don't know where yet--that is well-connected and well- heeled to either a Member of the House or the Senate. Mark my words, that is where it is going. Somebody--one…

I rise today to give tribute to Mr. Earl Devaney, who will be retiring from 42 years of public service at the end of this year. In an era when the American people have a record-level of distrust in government, Mr. Devaney has risen above…

I am coming to the floor now because we will not have an opportunity to debate on the payroll tax cuts because the vote is going to be at 2:30 and that time is taken. I think it is important for the American public to look at what is…

I ask unanimous consent that I be allowed to speak as in morning business. The PRESIDING OFFICER. Without objection, it is so ordered. Making Tough Choices

I would just tell you my practice wasn't limited to delivery of babies. I did a wide family practice.

Access to a government health care program is not access to real care, and we are seeing that in this hearing today.

We are treating symptoms rather than some of the underlying problems.

I think what you are going to find is people like Dr. Jack McClellan were not the ones writing the vast majority of these prescriptions.

We have to create the funds so there are more Dr. Jack McClellans.

That can be a ruling coming out of HHS--this will not happen, and we will not pay for it.

And child therapists?

So we have a shortage, first of all, of child psychiatrists?

I have cleared with Senator Levin to be able to speak about a topic but not offer an amendment. I understand we are working on a unanimous consent agreement. I do have an amendment that at the appropriate time hopefully will be able to be…

I listened to part of what Senator Reid had to say as we opened the Senate today. I was struck by the fact that so many people are unemployed and our economy is still barely growing, that there probably is not any firm objection to trying…

Yes, and the recommendation of the President of the United States. What about duplication? Is there not someplace we can find the $240 billion that President Obama wants to put into the economy for helping those of the middle and lower…

Yes. Mr. McCAIN. Isn't it kind of a symptom of the disease we suffer from here where we would not even agree to legislation that cuts mail delivery from 6 days to 5 days, which is the recommendation of the Postmaster General?

I ask unanimous consent to speak as in morning business for 10 minutes. The PRESIDING OFFICER. Without objection, it is so ordered. The Economy

I want to spend a minute because I do not think the American public knows how badly they have been hoodwinked by Congress. The Budget Control Act told the American people that we cut $1 trillion. That is what the claims were. The fact is…

our country is at a crossroads. Anybody who is watching Europe will find that they have been very slow to address the real underlying problems of debt and deficits there. They have a much more difficult time than what we should because…