Barack Obama actually said...

"We talk about balancing the budget. We talk about sound dollars. But the policy we have got in place here to fix it is not consistent with the ideal policies we want to have."

"The President has called for a fiscal responsibility summit, and he is talking about doing that sometime this month."

"What we have done is kicked this can down the road. We are now at the end of the road, and we are not in a position to kick it any further. We have to signal seriousness in this by making certain some..."

"Short term, we have got to focus on boosting the economy and creating jobs. Part and parcel of that is a plan for a sustainable fiscal situation long term."