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Transcripts For CSPAN2 Capital News Today 20111108

need to use the oversight authority to be able to find out how we can strengthen this program for the tax payers because surely the american people, the taxpayers and congress will demand no less. i yield back. i thank the gentleman and now the gentleman from texas for one minute. thank you mr. chairman. our nation has just over $14.9 trillion. over 126,700 or american households on average and we are spending this is a spending driven debt crisis that has a borrowing approximately 40 cents of every dollar and every time the federal government spends a dollar on its priorities that is a dollar that could be spent on priorities of the american people such as purchasing a home, starting a small business or send a kid to college. when we our deficit spending we are borrowing it from the future opportunities of our children and our grandchildren. we must ensure that each and every dollar the federal government spends is not needlessly spent. the purpose of today s hearing i

Transcripts For CSPAN2 Today In Washington 20111104

i was just going to yield five minutes to mr. capuano. you can continue to ask questions of ms. smith. we tried everything possible to get her video backup. her audio is still working. if you choose to direct questions to her, we still can t get now we have the video up. i yield to the gentleman for five minutes. thank you, mr. chairman. first of all i d like to point out that ms. smith, that s not her real name. we have agreed to withhold her name because the bureau of prisons has asked us to do so. that s what agreed. i thought it was a respect thing to do. ms. smith, did you work for hud? no, sir, i did not. you work for a nonprofit organization, is that correct? yes, sir, that is correct. do you any other sons other than hallowed home funds that flowed through that organization? yes, we did. did you steal those, to? i m sorry? did you steal that money, to? there were funds, yes, sir. so

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