Patrick McHenry actually said...

"There will be severe consequences for not changing course."

"The perfect storm is brewing. Already State and municipal governments are coming to Washington hat in hand expecting a Federal bailout like so many others. But the era of the bailout is over."

"What I believe I saw and I believe a lot of folks saw was that the day is coming, the day of reckoning is coming when those stimulus funds run out."

"But reckless spending fueled by bottomless borrowing and guaranteed by endless bailouts is an unsustainable course."