Mick Mulvaney

It is hard to argue with that. This money is going for counterterrorism. It is going for the preposition of assets. It is going for reassuring our allies. It is going to combat Mr. Putin or constrain him in Ukraine. I am a little hard…

I have an amendment at the desk. Actually, I have four consecutive amendments at the desk.

That was the quickest 25 pages I have heard in a long time. Amendment Offered by Mr. Mulvaney

It strikes me as not being fair. In fact, it reminds me... of something that many of us in the Class of 2010 ran against.

Consumers have lost $1.2 billion in the failed CO-OPs, and I don't think it is fair to anyone that we just sit around and not have hearings like this.

Twelve of these 12 CO-OPs have failed. I think it has cost taxpayers so far about $2.4 billion.

Actually, I have been showing them that chart since you and I arrived in 2011 because the number has not changed significantly. When you and I arrived and served on the Budget Committee together in 2011, we could have told people roughly…

The 40-year rolling average is about 6 percent. That is what money ordinarily costs the United States of America. It is about 6 percent if you look at it over a generational length of time. If we simply regress to the mean and end up with…

There is no question. At $16 trillion of debt, roughly, which is the public debt now, you are talking about interest rates below 2 percent.

It is also the benefit of a totally accommodating Federal Reserve, who sets the price of interest through things like quantitative easing, which is nothing more than printing money. They have unnaturally depressed rates. Depressed interest…

Mr. Schweikert, would you like to wager a guess as to the likelihood of that reduction staying in law is?

How many people have called your office to say: Mr. Schweikert, what is your plan for fixing this?

Mr. Schweikert, there is an ad campaign on television right now that speaks to this. I think it was on during the Super Bowl. It shows a very dramatic bridge scene and the bridge slowly fades into decay, and it says: This is what will…

Mr. Schweikert, I see you brought up the graph for the Social Security trust fund. Have you explained what the nature of the trust fund is?

As this year stands, it looks like now, when they revise the last quarter's numbers, which they will do here shortly, 2015 will be the tenth year in a row without 3 percent growth in the American economy. If that turns out to be the case…

How many times, Mr. Schweikert, have we held 4\1/2\ percent growth for, say, a decade?

Last time we fixed the Social Security disability--I am making the air quotations when I say fixed disability--by robbing from old-age retirement. Where are we going to rob from the next time when we have both Medicare and Social Security…

Put them so we can see both of them at the same time, please. That is stunning. So between 2021 and 2025, we are going to have the Social Security disability fund go broke----

I have got a question for you. While we are preparing that question, if the young man could put up the previous graph below, that one that shows the status of the Medicare trust fund.

Yet it is not our generation. It is Mr. Buck's generation, the gentleman from Colorado, the older generation, the next generation who is paying closer attention to it.

I think the purpose here is really to sort of treat this as a problem-solving exercise versus a blame-laying.

I think if we're really interested in having a viable refugee program that allows people to resettle here and to integrate and assimilate, that process has to be the very best that it can be.

We had a bill that we voted on in the House, had a veto-proof majority to pause this resettlement program.

I hope very much that they are welcomed in South Carolina, and knowing what I know about my folks back home, I believe that they will be.

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from South Carolina will be postponed. Amendment No. 7 Offered by Mr. Rothfus The Acting CHAIR…