Vern Buchanan: “I have been in business for 30 years. Your first term, my second term. But that was my number one issue by far is these…”

“I have been in business for 30 years. Your first term, my second term. But that was my number one issue by far is these runaway deficits. And since I came in 2006, we've got $1.4 trillion. We've picked up another $2 trillion. Another 20 percent we've added to the deficit in the last 3 years. It's crazy. The numbers today were over $12 trillion in debt. And with the budget the Democrats have presented in terms of going forward, they're talking about close to $20 trillion in the next 6, 7, 8 years. If you took the number of 5 percent cost of money on $20 trillion, it's a trillion dollars a year before you pay $1 for Social Security, Medicare, or anything. It's unbelievable. This past year, the deficit was $1.4 trillion. As bad as it's been in the past, if you look at $300 billion, $400 billion is way too much. We should have been balancing those budgets. But $1.4 trillion, that is three times larger, plus, than any other deficit from that standpoint. The last 50 years--and what really motivated me is why this has to be a bipartisan effort.”