In last week's testimony regarding the drivers of our structural debt, we heard Congressional Budget Office Director Doug Elmendorf say that, although government revenues are certainly temporarily down, he expects them to again reach their historic norm of a little over 18 percent of GDP in short order.
Hensarling discusses expected recovery of government revenues and rising spending due to entitlement programs.
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How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
Tonight it is a privilege that I have to yield to somebody who has become a good friend and an excellent colleague, who has served with me, at my side, at the House Financial Services Committee, who will be leaving us at the end of this…
I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…
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