This budget increases our debt over $8 trillion over 10 years.

We need to know some facts that I think are indisputable.

This budget, like the Senate budget, is not a balanced budget, nowhere close to being a balanced budget.

We are now on a systemically dangerous path of debt.

Your budget would require people to send $1.1 trillion more to Washington at a time when the economy is already weak.

This plan is not balanced, even under the sophisticated understanding of balance propounded by the President.

You do not spend more money than you take in. That is what it means.

I believe we have to have an economy that is growing, creating prosperity, that we need to help poor people get jobs and move forward in their lives, not be dependent, ever dependent on more and more Government checks, handouts, and…

We can remove the debt cloud, the drag that this debt has over us, and put us on the path to prosperity.

We are in a danger zone, and there are many ways for us to get out of it, but this budget does not get us out of it.

Erskine Bowles sat in the chair you are in now and said we face the most predictable economic crisis in our Nation's history.

Federal Government debt is now-- gross debt_is 103 percent.