All Quotes

I hope you will convey that sentiment to the White House, please.

I think you have articulated an intelligent strategy, which is be careful about short-term, abrupt fiscal changes to deal with the debt.

I think interest rates are a ticking time bomb, and if they return to 5 or 6 percent, we would be paying over $1 trillion a year in interest.

We need to think about reducing the debt itself, and certainly reducing the deficit.

I would invite my colleagues on the other side to talk about a tax reform package where the revenues were dedicated strictly to reducing the deficit.

If interest rates went back to 6 percent on the national debt, just the interest on the debt would be $1.02 trillion.

I think it is a discussion that we should have and continue to have.

Not fixing infrastructure is debt, is it not?

We are actually liberating people to follow the American principle of self-determination and creativity and innovation.

I would urge you to think about that, because it is one thing to owe $17 trillion, the question is what do you owe it for and what part of that is legitimate capital, which future generations should help pay for because they are going to…

I would urge the administration to continue to really look and work with us on structural changes.

I certainly appreciate your testimony and would commend to you three gentlemen to think about is there some mechanics whereby we can not only reduce the deficit but also make a credible reduction of the debt itself.

If interest rates go to anything close to historic levels--call it 5 percent; in 2000 it was 6 percent--we are talking about $850 billion a year just to pay interest.

I believe that in the long run probably the most lasting and important effect of the Affordable Care Act will be the very subject we have talked about, which is the virtual elimination or certainly the significant reduction of job lock.

I think the lesson to me of the last few years is it is politically very hard to do grand bargains, but if we keep chipping away incrementally, we can make progress, first, to stabilize the debt and then to put it on a downward path.

We will never get out of this hole, and I think we are facing a time bomb of interest rates.

Failing to support infrastructure is debt.

The passage of the budget agreement was miraculous because it did show that we could, in fact, do things.