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Hearing: The Social Safety Net: Impact of the Recession and of the Recovery Act
December 9, 2009
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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 bac...
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Hearing: The Cost of Current Defense Plans: An Analysis of Budget Issues
October 14, 2009
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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 t...
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Ryan Statement on CBO, OMB Mid-Session Update of Economic and Budgetary Projections
August 25, 2009
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“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 releas...
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Hearing: The Recovery Act: Strengthening Our Economy
July 24, 2009
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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’ f...
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Hearing: Statutory PAYGO
June 25, 2009
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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 mo...
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Hearing: The Economic Case for Health Reform
June 19, 2009
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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...
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Hearing: Challenges Facing the Economy: The View of the Federal Reserve
June 3, 2009
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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...
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Hearing: The State of the Economy
May 21, 2009
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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 ...
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Markup of the Concurrent Resolution on the Budget for Fiscal Year 2010
March 25, 2009
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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 Presi...
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Hearing: Department of Defense Fiscal Year 2010 Budget
March 18, 2009
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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, ...
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