On the recordMay 31, 2011
We are going to put spending controls in place. Frankly, it would be irresponsible to increase the debt ceiling without reforms that actually start cutting spending and putting our country back on a path to a balanced budget. {time} 1720 Now maybe some on the other side don't want to see us get to a balanced budget, which is why they've dramatically increased spending over the last 4 years up until when Speaker Pelosi was fired. But, frankly, the American people have said, enough is enough, stop the spending binge, enough of giving the President this uncontrolled use of the American credit card. Let's start reining in spending. Let's put those controls in place. Let's get our country back on a path of fiscal sanity so we don't have these groups like S&P saying that they will downgrade the bond rating of the United States of America. That's not something we can tolerate.
