We feel that it is our responsibility to do things differently, to lead where the President has fallen short.

Despite the urgent need to rein in our runaway debt, the President's budget would add $13 trillion to debt--an unconscionable burden we're imposing on our economy today and our children tomorrow.

Nevertheless, this President has made our spending problems much worse with policies such as the failed stimulus and the new health care entitlement.

I am going to, in the interest of time, make my opening remarks, as prepared, into the record instead of sharing the full text of my remarks now.

There has been a lot of talk about the politics of taking on these challenges, and the conventional wisdom is that the politically safe thing to do, I suppose, is to do nothing.

I wonder how long Americans are going to tolerate empty promises about their retirement security.

The President has disappointed us by presenting us with another budget that spends too much, borrows too much and taxes too much.

I think it could be a major stimulus for the United States if we do it.

We passed that China currency bill last year with 380 votes, bipartisan support.

Agreed. So, last month, Moody's gave us a--they laid out a debt trajectory in which the U.S. Could face a credit rating downgrade by mid-decade.

Making a multi-year commitment to the principles embodied in the President's Budget will reduce the risk of future crises.