I thank the gentlelady for yielding. I agree with most everything you said tonight, but I have to disagree with you on one point. With regard to Medicare, the President does have a plan. I talk to seniors all over my district. One of the…

the one thing that makes them very nervous at this point is they cannot construct a narrative in their mind as to how Congress and the Administration are going to come to terms on first the debt ceiling, and then ultimately on our fiscal…

No, I won't. I think we have to be honest with the American people, come out and say you know what, this is a program that if we can reform it, we can save it for our retirees. But not only that, those who are about to retire, 55 and…

Woman, as a freshman in this House, it has been unique to sit and see one of the age-old tactics that takes place, scaring seniors, not to move the ball down the field, but for political points. The gentleman was just referencing Medicare…

Woman, in reference to one of the charts we just saw from the gentleman from California, I found it interesting that he laid out many different debts and deficits from prior Presidents, but the one he failed to present to this House was…

And if you do that, you still can't balance the budget. You cannot tax your way out of this problem. We have to reduce our spending. If we reduce our spending and we reform our Tax Code, we can bring prosperity back to this country. But to…

First of all, I think many of us here in this House want to see the government to continue to be funded. But let's review what has happened here. Last year, the Democrats failed to pass a budget. They failed to propose a budget. So this…

If you have a $14 trillion debt, and then this year we are projected to borrow $1.6 trillion.

this potentially leads to much higher taxes, much less growth, and they are unwilling then to invest in the businesses.

I have heard from--as every district--we have a lot of merchants in my district and my community and I understand the problem that they convey to me that they face with the interchange fees.

It is going to be the American consumers at the end of the line.

But is it fair to say that your clients can use cash?

So I hope and I admonish you very strongly to put a delay on the implementation of this rule without protections.

I believe that the free market should be allowed to work.

But I think it is clear from your testimony and from the comments of Mr. Bernanke that we are not so certain that they are going to be excluded or this law is not going to impact them.

So you took the risk. You innovated the product. And now, Mr. Kantor's clients enjoy that product. Is that right?

I thank the chairman for yielding time to me to address the issue today with regard to unspent, unobligated stimulus money. Two years ago, this Congress voted to spend nearly a trillion dollars of stimulus money. They said that we could…

I think conflating those is part of what led to things. So address affordable housing separately.

I am not in favor of tax increases as--following my colleague here, John Taylor.

Of course there is, because taxes affect the rate of return on an investment.

Americans have wanted health care reform for some time now, but they don't want what passed last spring. This is a 2,000-page bill that gives us more mandates and more regulation. It doesn't accomplish the goal of reducing cost and…