The total deficit over that 10-year period amounted to $6.1 trillion, a swing of $11.7 trillion from January 2001 and its projections.
In January 2001, CBO estimated that the total budget surplus for 2002 to 2011 would be $5.6 trillion, surplus.
We began down this path by enacting tax cuts that cost the government $2.3 trillion.
Instead, after years of reckless spending and tax cuts, the Federal Government ran deficits from 2002 until 2011.
Many of the most senior Members of this Committee routinely voted to raise the debt ceiling during those years.
It's hard to get change in Washington and you said he has a quote 'a contracted sense of possibility.'
But he lost the House.
I think there is growing evidence that this White House is looking very closely at 2014 in a variety of ways.
I think, first of all, we have to say, Anderson, many times in the past we've complained about a lack of leadership by President Obama. This...
He can get -- he can get the background checks done. I think that is very doable this year. But Anderson, he doesn't have the support in the...
Letter from Chairman Jon Leibowitz to Congressman Edward J. Markey
The Republicans are going to clearly get most of the blame if we go over the cliff on taxes, but the Republicans have an argument.
Maybe the politicians can find it in themselves the next few days to say, hey, we're above this, we actually stand for something bigger than...
I think the prospects are strong that we are going to go over the cliff. They are high because the differences are so big.
The president promised us for every $1 of tax increases, he would put on the table $2.50 of spending decreases.
The fact is the Republicans have been losing the message war on this. They are, everybody knows that.
They missed that moment. But I think the real thing is not who pays the price. I think Republicans have a point that they're going to pay th...
The Republican Party can repair itself over time. But right now it has to act as if look, the country's needs come first.
