Political Quotes

“So, as I say, my staff will talk to your staff on that, and thank you for your other comments. Mr. Speaker, I will insert into the Record a letter dated January 30 from the American Action Forum, which is an organization run by former CBO Director Douglas Holtz-Eakin--and I won't go into detail--but he basically wrote to express his complete support of H.R. 3581, the Budget and Accounting Transparency Act of 2014, for the very reasons that we have set forth here already. Mr. Speaker, I am not seeing any other speakers at this time. I do see there are several other speakers on the other side, so I reserve the balance of my time. American Action Forum, January 30, 2012. Hon. Paul Ryan, Longworth House Office Building, Washington, DC. Dear Chairman Ryan: I am writing to express my support for H.R. 3581, ``The Budget and Accounting Transparency Act of 2011,'' in particular those provisions that would incorporate fair value accounting (FVA) into the federal budget process. As you are well aware, a core objective in federal budgeting is to accurately display the scale and timing of the expenditure of taxpayer resources. Since sovereign tax and borrowing powers should always be used judiciously, there is a premium on doing so as accurately as possible. In some cases this is straightforward. Consider, for example, a discretionary appropriation. The scale of the overall commitment is clear and in some cases it is straightforward to budget the timing of the ultimate outlays as well.…”