Last week I joined with several of my colleagues in the Blue Dog and Populist Caucuses to call for a budget plan that is fiscally responsible. As I have said before, along with the President, if the American family has been tasked with tightening its belt, in this time of economic recovery, then so should Congress. Pay-as-you-go legislation is on the floor today, and I have never been more optimistic about this key piece of legislation being passed and Congress returning to a time where a balanced budget was the goal, not outrageous deficit spending like that which was done under the previous administration. I have also promised to work with the members of the Populist Caucus to ensure that big banks and Wall Street firms are held accountable for damage they have done to hardworking American families. If it is the fault of these huge banks and firms that we are in this situation, then they should pay to get us out of it. I am proud to join with both the Blue Dog and Populist Caucuses in promoting fiscal responsibility and a new, responsible way forward for this country's economic future.
Editor's note · Context
The speaker discusses the need for fiscal responsibility and accountability from financial institutions.
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