We can remove the debt cloud, the drag that this debt has over us, and put us on the path to prosperity.

Our gross Federal debt after rising $6 trillion in the last 4 years will rise another $9 trillion by 2023.

We have the weakest recovery since the end of World War II.

Surely the President claims his budget replaces sequestration, but he fails to provide a plan that has any chance of passing in Congress.

We cannot continue on this course.

The picture CBO paints of the next 10 years is immensely disturbing.

I believe that budget should balance. We should balance it at least within 10 years.

Federal Government debt is now-- gross debt_is 103 percent.

I would like to begin briefly by thanking Senator Casey for his collaboration in recommending these three nominees.

I appreciate also your timely scheduling of this hearing.

You know, there is another approach that you can take in negotiations, and in my experience it has been a more successful one.

It looks like $200 billion of what they put under the $600 billion heading is in fact revenue--fees and various other forms of revenue.

It is a pretty large effect that comes from the difference in the interest rate.

before the taxpayers are faced with greater losses, I believe we must determine how the FHA got into this position, Mr. Secretary, and how it intends to get out.

the drop in the capital ratio was expected to be temporary, and that it would return above 2 percent within the next 2 or 3 years, even if FHA were to make no policy changes at all.

tax reform is spending cuts. There is no difference if I give you a mortgage interest deduction or I cut you a check.

I will be very interested in seeing what the net effect of these changes are because we know that the interest rate component will reflect a significant adverse valuation here.

I think it is clear that there is a headline tax increase that he wants of $1.6 trillion.

the President's proposal is almost entirely new taxes and virtually nothing... on the spending restraint

in the economy that we have now, with the highest corporate tax in the developed world... it's impossible to envision generating the kind of healthy economic growth

I am looking forward to seeing a supplemental that is well crafted and, I hope, properly offset, because we also have a fiscal crisis of enormous magnitude.

I think it is just a bad time to be keeping all of the tax candy, the tax expenditures, and lifting taxes on the few people who are actually creating jobs in this economy.

the President has been very clear about this--calling for higher marginal tax rates

the spending reductions have systematically been overstated in recent years by the President

If revenue has to be part of this--I don't think that that's economically or fiscally necessary or optimal--but if it is politically necessary, should it not at least be generated in a way that does the least economic harm?