It is not a blank check.

We can't walk away from it. It's killing the budget.

This would undermine the principle that new mandatory spending should be offset by reductions in existing mandatory spending.

We urge the Senate to consider shifting funding from lower priority programs within this bill.

I want to emphasize that it's important that this budget pass.

I think it will be about $600 million over 3 years, something like that.

I herewith report one revised deferral of budget authority, totaling $7.3 million.

We have to keep driving the deficit down.

I herewith report four new and two revised deferrals of budget authority, totaling $7.8 billion.

For the first time in a long time, we'll be making a meaningful downpayment on the massive Federal deficit.

The purpose of this order is to create a mechanism to monitor total costs of direct spending programs.

As important as this plan is for reducing the budget and investment deficits, these Executive orders deal also with the trust deficit.

We're going to cut spending more and more and more, but we need the revenues, too.

We want to reduce the deficit by $500 billion.

We are cutting spending.

We need to bring this deficit down to zero.

This plan will contain the largest reduction in our deficit in the Nation's history.

Half of this deficit reduction is coming from spending cuts.