I think if we still have a Budget Committee, we ought to use it through regular order to at least put something out there.
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You don't have the printing press in the basement, and you do not have a credit card that is automatically renewable.
The numbers always win. You can't escape them. And currently, we are in a place where we have got time, but it takes political will and discipline.
What we need to do is use our own oil and natural gas resources and encourage other countries to use clean natural gas also.
The heaviest lifting would have to be done through spending if you want to get to a balanced budget.
We just don't have an economy that will give us more revenue.
The most important thing is we have got to survive into the mid and long-term financially.
I am against a carbon tax because it is regressive. It hurts poor people the most.
My Carbon Pricing Bill was priced out at about $2 trillion over 10 years.
If you do tax it more, you will have lower economic growth over time.
We should have never gotten rid of our energy independence like we did because I think that has caused political problems across the spectrum.
I think if the other side of the aisle had its ways, it would even be deeper than that because there would have been more legislation based upon borrowing money on something that is a little amorphous in general.
We are entering into a much broader discussion. It is right in front of us now with what is happening over in the House in terms of debt limit.
I certainly think if we don't have smart policy that addresses the issue domestically, other countries are less likely to act.
Running $2 trillion deficits, the Trump tax cuts, which by the way were getting close to paying for themselves pre-COVID, that is chump change, $150 billion per year.
We are consistently going broke as a country because we are projected to be $51 trillion in debt in just 10 years.
This is just the first $9 billion — if we can't cut $9 billion, how are we going to cut $150 billion?
Now Congress has to do the easy part and claw that back and make those cuts permanent.