On the recordJuly 19, 2011
The possible default of the Federal Government presents a near-term problem which could have disastrous effects in the short-term on our economy. But the bigger problem is long term because Washington has just been spending too much money for too darn long--borrowing 40 cents just about of every dollar we spend, most of it from China, and sending the bills to our kids and our grandkids. This bill to cut spending, cap and then balance the budget is something that needs to be done. And we can't keep kicking the can down the road. You've heard that before, but it's true. The responsibility is on us to do the right thing for tomorrow for our families and everybody else. We balanced the budget almost, some years ago. It's not impossible. It can be done if we have the courage to do it; 49 out of 50 States do it. So we need to remember there's no such thing as government money. It is the taxpayers' money. It's our job to be responsible stewards of that. We need to step up and take that responsibility and pass this bill.
