We do not have a 10-year budget window problem; we have a 30-year demographic problem.

I believe is the best way of addressing a livable wage so that we do not actually reduce the entry-level job positions, because I think that is what happens when you increase the minimum wage.

Deficit spending of $8 trillion in the first decade, $31 trillion in the second decade, $88 trillion in the third decade.

Well, one of the reasons I go to dollar deficits is it is something I think people can understand a little better.

I think it is a legitimate question. I think it is kind of the heart of the issue here.

I think we have pretty well established, I think, in the testimony that the Affordable Care Act is going to decrease economic growth by shrinking our labor force.

We are getting really heart-wrenching e-mails and letters from our constituents. Their premiums are doubling and tripling.

But when it is held in the hands of the Federal Government, it is the same thing as if you had $20, spent it, and then write yourself a pretty little note, put it in your pocket, and say, 'I have got 20 bucks.'

Do you agree with CBO's assessment that an increase to the minimum wage, the one proposed, would cost us jobs?

the latest alternate fiscal scenario of CBO...shows a 30-year deficit, a total of about $127 trillion.

We all want a strong social safety net to help people like that.

Did the National Guard have the legal authority to do what it did?

Has there been accountability and will there be accountability?

I just want to reinforce what Senator Sessions said.

we are looking at between $13 and $15 trillion more in benefits being paid over the next 30 years versus payroll taxes being collected.

2.5 million people will remove themselves from the labor force.

I think it is definitely an important issue.

The trust fund really has--to the Government as a whole, has no value.

I challenge that assumption.

I was able to get Mr. Elmendorf to admit that the Social Security Trust Fund nets to zero when you consolidate the books of the Federal Government.

Can you point to one thing that is actually causing health care spending to decline because of the Affordable Care Act, which just kicked in?

Social Security will pay out $15 trillion in benefits over the next 30 years more than it takes in in payroll tax.

Aren't you taking money out of a business owner's pocket?

I think the investigation that is going on now is serious.

I think the fact that you have pushed this oversight hearing is certainly helping move this process along.