04/09/2013
https://www.congress.gov...
"Excessive, non-productive spending and the consequently high and growing national debt hurt the pace of economic activity."
"We thought we had a real opportunity to fix long-term entitlements in the 2011 Budget Control Act process."
"What do we do to create growth and get our debt under control? Is it just raise taxes or is it reduce spending?"
"I think then we would have to have a choice about whether we should then lower rates, which would be my personal choice, but more importantly, to lower spending."