Jim Renacci: “If we do nothing, I think the Federal deficit is projected to grow, if we just stay on the same track, $9.6 trillion in…”

We have got some serious problems. Not on the revenue side, because we are growing 60 percent. We have got problems in the spending side because we are growing 80 percent over 10 years.

if we continue to raise our taxes, business will just leave, companies will just leave, and we will have less and less revenue.

In my business world, if you came to me and told me revenues were going to increase by 66 percent, I would say, 'We are going to have some record good years.'

We got to cut rates. We got to reduce our unsustainable path, and we got to look at what we are spending.