I congratulate you on this important bill and your excellent line-up of bipartisan co-sponsors.

So as I think you suggested, Senator Carper, it kind of hits that Goldilocks sweet spot.

The Fiscal Commission...provided us with a roadmap out of this morass.

the Congress should have to vote on the President's proposals, we call them rescissions, reducing, rescinding spending

Clearly, we face a dangerous fiscal situation and deficits and debt are rising as far as we can see.

Thank you for bringing your previous role as Mayor of a large city and a leader of the Nation's Mayors to these issues.

We are running a deficit this year of about $1.5 trillion. We need to look at almost every corner of our budget

We are like Moses standing on the mountain top looking at the promised land.

That level of debt was not sustainable then and it is not sustainable today.

What I want to do is to provide for a reasonable response when a President says, my hands are tied.

The solution is a multi-year, comprehensive fiscal plan that tackles all areas of the budget.