John Spratt: “Thank you very much indeed.”

When President Obama was sworn into office at the beginning of this year, the economy was in deep contraction and jobs were being lost at a rate of 741,000 per month.

If we have entitlements that we already can't pay for, shouldn't we not be adding new entitlements?

I want to thank Congresswoman Gwen Moore for suggesting this hearing and for her role in bringing it about and putting it together.

I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need a new policy direction.