The committee will come back to order. I want to thank our witnesses for being here today, and i think we will move into the questions and answer period. Im going to reserve my question time and i will go to mr. Brady. You all recognized for five minutes. Thank you, mr. Chairman. And a thank you for all of those who are here. Your testimony is very helpful. One, clearly america will pay its debt. That is made clear by republicans and democrats in congress. We always have, and i hope that those who choose to be melodramatic about it can say to gain political advantage, if you would please stop, that would be helpful. Secondly, there is absolutely no chance the president s request to have a permanent, unlimited debt ceiling will kerr. This is constitutional will poker. As we have seen in the past its also been a helpful tool not only on checks and balances but to enact spending reforms and restraints that can be helpful, although in my view have not been helpful as they have in the past.
Taiwan, as they were both as they were both called. So there have been many times in our history when president s have had to do the hard work. Esident george h. W. Bush made a budget agreent for which he may have caused him to lose the election in 1992 because it angered a number of republicans, but it also helped balance the budget and gave us a period of time in the 1990s when that agreement plus a good economy gave us an actual surplus of funding. Sense that there is at the white house a feeling, two things that i would like to disabuse the white house of. Thfirst is tt the budget problem isnt a real problem. I cant believe that people at the white house think that. I mean, Everybody Knows it is. Senator mcconnell gave a very good explanation of what was going what was going on there, but let me say it this way in 2025, according to the Congressional Budget Office, every dollar of taxes we collect will go to pay for medicare, medicaid, Social Security and interest on the debt, and