The President is now calling for another--basically a stimulus bill, $50 billion to build high-speed rail, which I think would be a shocking waste of money.

It is my fear that they will be very successful at increasing inflation expectations, quite likely increasing inflation itself.

I think $100 billion in near-term spending cuts would be very useful.

Our goal is not an era of austerity but an era of prosperity.

under no circumstances should the United States ever even get close to defaulting on the debt that we have issued.

we ought to really equate and think about the total tax burden by looking at the total amount of spending.

Solving our Nation's economic and debt crisis is about more than economics. It is about protecting our way of life at home and our standing abroad as a great Nation.

The failure of your Department to advance clean, reasonably priced nuclear power has hurt our Nation.

They are creating a staggering amount of money.

We cannot look at the deficit alone; we have to look at the tax rates and at the spending.

I just think it is really important that we do not leave that out when that is what is getting people jobs today.

the negative impact from higher taxes exceeds the revenue benefit to the Government from an increase in taxes.

America's vast proven energy reserves that we have are not being unlocked, and they are not being acted on apparently in the pursuit of a failed green jobs stimulus plan.

the Treasury could, nevertheless, ensure that those people holding the marketable securities of this Government would receive their interest payments.

I would just point out that we learned in the 1970s that we can have a lot of slack, weakness in the economy, and still have very high inflation.

I would simply argue that I think the fiscal irresponsibility is what hasten us into this situation, and the refusal to do anything about it is the worst message we could send to the market.

It would be so disruptive and so damaging to our entire economy, to the millions of savers, Americans as well as others, that I cannot foresee how a Treasury Secretary would permit that to happen.

The administration created a new trillion dollar entitlement program, launched an $800 billion stimulus spending.

I have to share the concern and disappointment that several of my colleagues have already expressed about what I see as a real lack of leadership here.

I applaud the Congress for doing that.

we have a moral obligation to repay people who have lent us money.

I really think the American people want us to make the big, tough decisions that assure us that it will restore a fiscally sustainable path.

I happen to share the view that we should make structural changes.

I personally do not think that is as effective as what I am suggesting, but economists disagree.

While we rightly focus on the level of our deficits and our debt, it is spending that hasten us here.