Jeb Hensarling actually said...
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.
Context
Hensarling discusses expected recovery of government revenues and rising spending due to entitlement programs.
09/12/2011