Our goal is not an era of austerity but an era of prosperity.
The administration created a new trillion dollar entitlement program, launched an $800 billion stimulus spending.
While we rightly focus on the level of our deficits and our debt, it is spending that hasten us here.
I would simply argue that I think the fiscal irresponsibility is what hasten us into this situation, and the refusal to do anything about it...
Fundamentally it is immoral to take from our children their wealth so we can spend unearned wealth today.
We are at a time where we are accumulating an unprecedented amount of debt.
The American people rebelled against wasteful Washington spending and a Government that has grown too large and too intrusive.
I think that is quite an assumption to make given the circumstances.
We thought it was a bit of a heroic assumption to assume we paid for it over the whole period.
The President is now calling for another--basically a stimulus bill, $50 billion to build high-speed rail, which I think would be a shocking...
we have a moral obligation to repay people who have lent us money.