John Spratt: “Roughly that. Even the CBO tells us that another substantial increase in the debt ceiling will be necessary by at least…”

Under Democratic leadership, the 111th Congress moved swiftly to enact the American Recovery and Reinvestment Act, which has jump started economic activity.

Shouldn't we stop creating new programs, now agencies, new commissions and new discretionary spending?

The moral of the story is, if the leaders of both parties don't want a commission to succeed, if the leaders of both parties aren't willing to put both parts of the budget, taxes and spending, on the table, the chances that it is going to…

I want to thank Congresswoman Gwen Moore for suggesting this hearing and for her role in bringing it about and putting it together.