Ron Johnson

Instead of saving $143 billion by this administration's own figures and budget, we are now adding $54 billion to our deficit in the first 10 years.

I do not have a great deal of faith in some of these estimated numbers, and I certainly do not have faith in the estimates for Obamacare.

We are literally drowning.

That money cannot leave the gulf coast.

I strongly disagree with the policies of this administration.

How do you explain that from fiscal year 2012 to fiscal year 2013 more than 60 percent of the BIE's schools in South Dakota received a decrease in their ISEP funds?

I would also like to touch on the Indian School Equalization Program (ISEP).

I do appreciate the administration's recognition of the value of conservation, tourism, hunting, and fishing to our Nation's economy.

Let's look at what we agree on. We agree on reforming government, we agree on pro growth tax reform, so let's actually start doing it this year.

The real long-term looming crisis in terms of our budget is entitlements, Medicare and Social Security.

I am all for increasing revenue, but let's do it the old-fashioned way by actually getting economic growth.

I think there is a great deal of agreement, certainly what I found, I would say consensus in Washington that we actually need to reform our Tax Code.

A regulation moratorium should be put in place until measures like the United Kingdom's one-in/one-out rule and the REINS Act can be enacted.

A bicameral sunset committee should be established with the sole mandate of identifying Federal rules, regulations and laws that do more harm than good.

Enforceable spending controls, like the CAP Act, and a constitutional amendment to limit the size of government must first be passed.

It is clear that they are not serving a legitimate market function. It is clearly disadvantaging those that are seeking to enter the market for legitimate hedging purposes.

Mr. Chairman, I testified before a panel that the CFTC put together a year or so ago, and after our research at Public Citizen, we deemed that high-frequency traders do not serve a legitimate function in these markets.

We have doubled the number of employees of FEMA. I mean have we really gotten the bang for the buck there, or has that actually created more problems?

The number of layers I think can actually make things less effective.

The reality is different because if you are really going to rely on local districts or local governments we would not be increasing the size of FEMA.

That would be a good idea. I mean if that worked well.

So how many do you expect out of the 160,000 will receive notices?

OK. You said that you have--there are 30,000 notices trying to recover. Is it 30,000 out of 160,000?

Can you typify? I mean improper is a term. Can you typify what, put some meat on that bone?

So do you split out then actual fraud versus potential fraud?