Political Quotes

“I yield myself such time as I may consume. Mr. Speaker, before I yield to the chairman of the full committee, I want to go back to the gentleman from New Jersey who made the point as to which side of this issue is OMB and CBO on, and it is a process issue. But it is important that, during an appearance before the House Budget Committee, where we considered this legislation, the director of the--and I will stress this point again--the nonpartisan CBO, Congressional Budget Office, stated, ``We believe that the fair value method of accounting''--which is what is in this bill--``for Federal credit transaction programs provides a more comprehensive measure of a program's true cost.'' This is exactly why we bring this bill to the floor. I know the gentleman indicated that a partisan OMB takes a different view, but the nonpartisan CBO takes the view of this legislation, that we should make sure that there is complete transparency. Then all the points that the gentleman makes, as far as making the decision as to how many students we should be able to have in these programs, how large is the housing program, and so on and so forth, then we can more accurately make those final determinations once we have the actual numbers accurately before us, and that is all this legislation really does. With that, I yield such time as he may consume to the gentleman from Wisconsin (Mr.…”