I am very concerned about the Fed's policy of quantitative easing where it is buying up the government debt.
If we default on that debt, I think we are saying something about how valuable our trust funds are.
I was a strong--I was a cosponsor of the Deficit Commission, the Conrad-Gregg Deficit Commission, and I voted for it.
Why is the administration rejecting the Senate amendment and offering a proposal that only gets half the job done?
Our Nation's fiscal policy is in tatters. Our projected level of Federal spending growth is unsustainable.
If the expenditure has already been made, then it cannot be used to do the other piece there.
So it looks like it would put a lot of people out of business and raise prices.
I think we are at that point where people need to be saying, we cannot afford it, even though it might be a good program.
I think the goal should be to find a cut that you could make tomorrow or late this week.
We have been kicking the can down the road and it is time now for action to hold the line on spending.
the Pension Benefit Guaranty Corporation sends nearly half a billion dollars each month to retirees whose companies' pensions have gone away...