It has become a piggy bank which adds to our deficit, adds to our debt, and gets put on our kids' backs.

The moneys recouped from the TARP shall be paid into the general fund of the Treasury for reduction of the public debt.

I think we can take judicial notice of the fact that a socialist Senator from Vermont and a conservative Senator from New Hampshire are not going to agree.

So when we hear the House talking about--the House leadership talking about changing health care so that insurance is fully deductible and so that the Cadillac plans are given advantageous tax treatment, that is actually going in the wrong…

I actually think it is malfeasance to present a budget which, by its own terms and numbers, leads us down a path which ends in insolvency for this Nation.

The debt is the threat. And it is more than a threat now. It is a cataclysmic event facing us.

You have highlighted the fact that one of the primary drivers of the growth in the government and the spending which is going to create this structural deficit is health care costs, especially as it relates to the aging population, is that…

It is not 2020 and 2030 that we need to worry about. It is 2017, 2015, when our bonds are no longer salable.

We have to structure a circumstance that allows the recommendations to get a vote.

Essentially, we will reduce the quality of life of our Nation and of our children and our children's children if we do not do something about the burden of the debt.

We are seeing nations which are confronting the problem today--Greece, Ireland, potentially Spain, maybe Austria--where they basically have run up so much debt.