Making a multi-year commitment to the principles embodied in the President's Budget will reduce the risk of future crises.

Agreed. So, last month, Moody's gave us a--they laid out a debt trajectory in which the U.S. Could face a credit rating downgrade by mid-decade.

We passed that China currency bill last year with 380 votes, bipartisan support.

I think it could be a major stimulus for the United States if we do it.

The President has disappointed us by presenting us with another budget that spends too much, borrows too much and taxes too much.

I wonder how long Americans are going to tolerate empty promises about their retirement security.

There has been a lot of talk about the politics of taking on these challenges, and the conventional wisdom is that the politically safe thing to do, I suppose, is to do nothing.

I am going to, in the interest of time, make my opening remarks, as prepared, into the record instead of sharing the full text of my remarks now.

Nevertheless, this President has made our spending problems much worse with policies such as the failed stimulus and the new health care entitlement.

Despite the urgent need to rein in our runaway debt, the President's budget would add $13 trillion to debt--an unconscionable burden we're imposing on our economy today and our children tomorrow.

We feel that it is our responsibility to do things differently, to lead where the President has fallen short.

But I sincerely wonder about that.

I just wanted to say how disappointed we are that the President has failed to lead on the most important fiscal challenges of our time.

you guys have saved the auto industry.

If you want to talk about budgets, why don't you look at our 2009 budget, which was the last budget we as a conference actually did, instead of an individual piece of legislation that I introduced?

I don't see how you can square Mr. Carney... the debt goes from $13 trillion to $26 trillion.

Let's not say that we are only for clean debt limits when, just a year ago, the President was fine with attaching things on debt limit.

I question the assertion of primary balance, given that the final arbiter, CBO, on this is using a different set of projections.