To think that we can solve it entirely by cutting programs that are benefitting people who we made commitments to is unrealistic.
The debt is a problem and the interest rate is a looming serious problem.
I think long-term debt and deficits are unsustainable and are, in fact, burdening future generations and the interest rate.
If you put a balanced budget amendment on top of that situation, with the mandatory rise caused mostly by health care and demographics, and ...
It is much easier to spend than it is to tax. So, deficits are almost hard-wired into the system unless there is a discipline.
The arithmetic does not work. And, I think of the No Tax Pledge as a kind of ratchet that only works in one direction.
I just think we have got to do something about this, and we have got to do it in a comprehensive way.
Poverty, because of good work of people like Senator Sanders, has dramatically decreased among seniors over the last 50 years.
It is our generation being unwilling to pay our own bills. And we are borrowing from our kids.
I think if Tom Brokaw wrote a book about our generation, it would be called 'The Great Skedaddle' after the first Battle of Bull Run.
If you cut taxes when you are in a deficit situation and borrow to make up the difference, all you are really doing is shifting that tax to ...