Let's get real. Yes, we have to do spending and yes, we have to do revenue.
I do not see any way around, and the question is timing.
The longer we wait, the higher Federal debt becomes.
We have to get the deficit down to about 3 percent of GDP in order to stabilize debt.
I am serious about cutting spending and I voted to do it on the Commission.
the debt is stabilized, but it is stabilized at a level that is too high.
100 percent of GDP is too high.
All of us--all of us--have to be in on the solution.
I think it has been inappropriate for the administration to raise the specter of a default on our debt.
Revenue as a share of our national income is the lowest it has been in 60 years.
What we need, I believe, is an entire package with everything on the table that deals with fundamental reform of our tax system.
I believe that we are already in the early stages of a fiscal train wreck.
The President has to lead. The President has to say, 'This is what I would do to fix this problem.'
the risk to this country is untenable. Absolutely untenable.
I believe history will condemn us all if we do not do substantially more for the decade than is in this budget.
we did get 11 of 18 to agree--five Democrats, five Republicans, one Independent. And we reduced the debt $4 trillion over the next 10 years.
The only thing worse than being for this is being against it.
I give him credit for stabilizing the debt, but it is stabilized at a level that is too high.
