On the recordDecember 17, 2005
Number one, and it is kind of like David Letterman's top 10. This is the top 12, and I do not know if it is going to be as good as Letterman's top 10 or not, but it is very important. Point number one to the 12-point reform plan is: Require a balanced budget. And I think we all get that one. I mean, I was in the State senate for 10 years. Forty-nine States, including my home State of Arkansas, must live within its means. They constitutionally require a balanced budget. I know at the Ross home in Prescott, Arkansas, we sit around the kitchen table and we have to have a balanced budget. At the small town family pharmacy my wife and I own, we have to have a balanced budget. It should not be asking too much to ask this Congress and this government to also tighten its belt and learn to live within its means. And that is what we mean when we talk about requiring a balanced budget. {time} 2230 The second point that I think is very important also, do not let Congress buy on credit. Now, back when Congress had a balanced budget in the Clinton administration from 1998 to 2001, they had a thing in the House called PAYGO rules, pay-as-you-go basically is what it meant, meaning if you are going to cut taxes, you got to cut spending, and if you are going to fund a new program, you got to cut another program. You have got to make it fit within your budget, like most of us do in our families at home and with our businesses and certainly like 49 States in this country are required to do.…
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