Mick Mulvaney: “I thank my friend from New Jersey, for whom I have a great deal of respect, Madam Chairwoman. And what he says is…”

“I thank my friend from New Jersey, for whom I have a great deal of respect, Madam Chairwoman. And what he says is correct. What he says is absolutely and without reservation correct. What this government did during the first half of this decade was wrong. Borrowing the money as we did was wrong. To continue it, Madam Chairwoman, is just as wrong.”