If we were running the Federal Government like many of the Governors are running their States, we would be a lot better off.

We face a lot of challenges. We do have a revenue shortfall and we cannot tax ourselves out of competitive world markets.

We will continue to pursue bringing this Government to fiscal sanity.

There is no dispute that I can see that your budget costs for not a single year in which we add less than $600 billion to the debt.

But I have just got to tell you, places like California have been living beyond their means for a very long time.

the TARP bailout has not cost the taxpayers a lot, but the stimulus bill cost $900 billion at 4 percent interest.

I have to say in my view it is not accurate, because we know that Medicare will be going into deficit.

The President's budget would increase spending every single year, doubling the nation's debt by the end of his first term.

if we get entrenched in spending at 25 percent of GDP, we are going to have a very difficult time getting back there.

I have no doubt that we need to start cutting this year.

Our deficit is expected to reach nearly $1.5 trillion this fiscal year.

We cannot approve, and I do not think will approve, an 11-percent increase in education funding.

I do not think our institutions have yet grasped that.

A permanent tax policy is better than an uncertainty, and we have too much uncertainty in our economy.

It is an honor to be here, to be with you. I respect you very much and value our friendship.

I believe that CBO's final letter right before the vote that it double counts the money is correct, and it is a miscalculation.

But we are adding to the balance and we are not cutting up the credit card.

I do believe we have an opportunity to limit waste and spending right now, and it would not damage the economy.

I would just say, in this time when jobs are just a critical factor for us...

I think that is a bipartisan consensus, gentlemen, and it is very scary.

I am not in favor of precipitous, immediate fiscal austerity of the kind the British Government is now embarked on.

It absolutely increases the internal debt, and I think any fair reading would suggest it increases the overall debt exposure of the United States.

We have to contain spending in this country. We are heading off a cliff with 40 cents out of every dollar being borrowed.

I think a fundamental question is: Are they taking their medicine now that will put them in the longer term on a healthy growth path?

I value those comments.