justice, and righteousness. may they cultivate such ethical consist tency, that their words will be undergirded by right actions. lord, keep them aware of your continued presence, as they find in you fullness of joy. show them the path to life, as you guide them to your desired destination. we pray in your merciful name. amen. the president pro tempore: amen. please join me in the pledge. i pledge allegiance to the flag of the united states of americ, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. mr. grassley: madam president? the presiding officer: the senator from iowa. mr. grassley: i ask to speak as if in morning business for one minute. the presiding officer: without objection. mr. grassley: the united states of america has the mightiest military in the world to protect our freedoms and to guarantee peace around the world. that s why it s so important to keep check on the pentagon s financial ledgers. taxpay
the costs i would have had to pay. steve: we will come back to that in a moment, but let s go back to 2000 when you first stepped , foot here in washington as a freshman never of the house. what do you remember? sen. flake: it was heavy times. i just saw another member of my class the other day. mike pence was a member of my class. we were full of vim and vigor, and we felt like we were in control of the house in the senate and the white house as well, something similar to what we have now. but there really was a time during the 1990 s, where the ideas were still in ascendance. dick armey talking about flat tax. it was policy driven. i had come from the goldwater institute, so it was driven by excitement about what we could accomplish in the policy round. steve: and early in your first term, september 11, where were you? sen. flake: my wife and i had flown in from cuba the day before. i ve always tried to lift the travel ban on cuba and established diplomatic relations. we ca
in a moment, but let s go back to 2000 when you first stepped , foot here in washington as a freshman never of the house. what do you remember? sen. flake: it was heavy times. i just saw another member of my class the other day. mike pence was a member of my class. we were full of vim and vigor, and we felt like we were in control of the house in the senate and the white house as well, something similar to what we have now. but there really was a time during the 1990 s, where the ideas were still in ascendance. dick armey talking about flat tax. it was policy driven. i had come from the goldwater institute, so it was driven by excitement about what we could accomplish in the policy round. steve: and early in your first term, september 11, where were you? sen. flake: my wife and i had flown in from cuba the day before. i ve always tried to lift the travel ban on cuba and established diplomatic relations. we came in the night before. my wife just missed her flight to phoenix, s
rogers: we ve had 29-year-olds making $1 million a year, expecting to make $2 million the year after that. diana ferry: but if you ve got plastic money, there s nothing holding you back. history will prove the bakkers were honest people. reporter: insider trading could become wall street s watergate. pauley: what do we call greed the day before an indictment? i m afraid recently, we ve called it success. robinson: the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising while our standard of living is declining. thomas: there was tremendous inflation and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. dobyns: on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside, either. the tickers carried almost nothing but bad news. mclean: we d come off a terribl
what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the