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  • Hearing: The Social Safety Net: Impact of the Recession and of the Recovery Act
    Posted in Speeches and Statements on December 9, 2009 | Preview rr

    Thank you Chairman Spratt. I too would like to welcome all of our witnesses… In particular, Pat Delessio from Wisconsin, who has seen the impact of thisrecession up close, and brings valuable insight on the effectiveness of the various government safety net programs. I would also like to welcome back to this Committee Ron Haskins -- who, as the former staff director for the Ways and Means’ subcommittee on Human Resources, helped craft one of the most successful entitlement reforms in the Federal... Read more

  • Hearing: The Cost of Current Defense Plans: An Analysis of Budget Issues
    Posted in Speeches and Statements on October 14, 2009 | Preview rr

    Thank Chairman Spratt. I’d also like to welcome our witnesses: Stephen Daggett – welcome back; Matthew Goldberg – welcome. We appreciate you being here. I think it’s fair to assume that the chief concerns on most Americans’ minds – and on the minds of this Congress – remain the economy, jobs – and the future of health care. But even as we continue to address these challenges, others are coming to a head. Among them, of course, is how we’re going to handle Afghanistan and Iraq – as well as other ... Read more

  • Ryan Statement on CBO, OMB Mid-Session Update of Economic and Budgetary Projections
    Posted in Speeches and Statements on August 25, 2009 | Preview rr
    Tags: Economy / Financial

    “Today’s news confirms what we’ve all known: Washington’s spending binge has made a bad situation even worse – driving deficits to unprecedented levels, and plunging our nation deeper in debt.” The Congressional Budget Office and the Administration’s Office of Management and Budget each today released updated economic and budgetary projections. House Budget Committee Ranking Republican Paul Ryan (WI) issued the following statement regarding the reports: “As they’ve made clear in town hall meetin... Read more

  • Hearing: The Recovery Act: Strengthening Our Economy
    Posted in Speeches and Statements on July 24, 2009 | Preview rr

    Thank Chairman Spratt, welcome witnesses (Transportation Secretary LaHood; Interior Secretary Salazar; and Agriculture Secretary Vilsack). I appreciate the opportunity for this Committee to, once again, meet on the subject of the “stimulus” bill. Committee hearings are a key component of Congress’ fact-finding and oversight responsibilities. And I’ll note that I am genuinely disappointed that we have not – and apparently will not – review in this Committee the trillion-dollar health care expansi... Read more

  • Hearing: Statutory PAYGO
    Posted in Speeches and Statements on June 25, 2009 | Preview rr

    First, I want to note that I appreciate any real effort by the Administration and Congress to get a grip on our nation’s mounting fiscal crisis. But when I look at the broader budgetary context that’s developed in the first six months of this Administration, I’m afraid this PAYGO debate is little more than a distraction. The President’s budget will produce record deficits – as far as the eye can see. Deficits never fall below $600 billion, and hit $1.2 trillion by the end of the budget window. A... Read more

  • Hearing: The Economic Case for Health Reform
    Posted in Speeches and Statements on June 19, 2009 | Preview rr

    Thank Chairman Spratt, Welcome Dr. Romer. There is no debate in Washington more controversial, more critical, and more consequential for the future of our nation than the current debate over health reform. Our economic future hinges on the results of this debate. Dr. Romer, I read your report – “The Economic Case for Health Reform” – with great interest. And I have to say…I agree on the huge benefits of slowing health care inflation. If we can achieve this goal, the economic benefits are vast an... Read more

  • Hearing: Challenges Facing the Economy: The View of the Federal Reserve
    Posted in Speeches and Statements on June 3, 2009 | Preview rr

    Thank you, Chairman Spratt, for arranging this important hearing. Chairman Bernanke, you come before this Committee with the financial markets in a better position than in your previous appearance last fall. The economy is finally showing some signs of stabilizing and that’s encouraging. But despite these short-term glimmers of hope, I’ve become more concerned about the longer-term implications of our economic policies. On the fiscal side, the Treasury is issuing record amounts of debt – over $2... Read more

  • Hearing: The State of the Economy
    Posted in Speeches and Statements on May 21, 2009 | Preview rr

    Thank Chairman Spratt, welcome back Elmendorf. No question – all of us want to see the economy turn around. And all of us hope that turnaround may, in fact, be on the horizon. But the economic and fiscal challenges we face are too complex, and too great, to simply hope we get it right. We’ve got to question the effectiveness of what we’re doing to address today’s challenges. And we’ve got to consider where this path we’re speeding down will eventually lead. I have great concern that the Administ... Read more

  • Markup of the Concurrent Resolution on the Budget for Fiscal Year 2010
    Posted in Speeches and Statements on March 25, 2009 | Preview rr

    I want to start by noting that there has been more interest in the Federal budget over the past few weeks than I’ve ever seen. And people are right to be interested. This is no ordinary time, and the budget President Obama submitted to this Congress is no ordinary budget. With this budget, the President and the Democratic Majority are attempting – very quickly, and rather openly – nothing less than the third and final great wave of government expansion: building on the New Deal and the Great Soc... Read more

  • Hearing: Department of Defense Fiscal Year 2010 Budget
    Posted in Speeches and Statements on March 18, 2009 | Preview rr
    Tags: Defense

    Thank Chairman Spratt. I’d also like to welcome our witness, Mr. Hale, who’s had a long and distinguished career working with the Defense budget – both at CBO, and as the Comptroller of the Air Force. I look forward to your testimony. The Defense Department is our largest discretionary expenditure, and has seen robust growth over the last decade. This growth is understandable – and in my opinion, justified – by the fact we were attacked on September 11th. But I am concerned that the President’s ... Read more