Mike Quigley actually said...

Step one in righting our course is agreeing on what defines fiscal sustainability.

Step three in this process is making hard decisions on how to move forward with a responsible deficit and debt reduction package.

The CBO projects that by 2030, the federal government will be spending 30 percent of GDP but collecting only 20 percent in tax revenue.

In fiscal year 2012, 44 States are projected to have a budget deficit of at least 5 percent.