On the recordSeptember 14, 2011
But if you want the numbers, if we are only able to save a trillion dollars over 10 years, which is quite possible under the debt ceiling deal that passed, then it will take 150 years before the budget balances if we continue to cut 1 trillion every year, and it will only add about $120 trillion to the 14 trillion we have now. If we could save 2 trillion every 10 years, then we are looking at 80 years before we balance the budget and only adding 72 trillion to the debt that we have. That's irresponsible. This country won't be around in this form, this Congress, and therefore that is our special purpose for doing this. That is why we say it's time to stop the debt ceiling bill from where it was, get responsible, and propose real cuts so this Congress does what the people who are missing payments are trying to do--live within their means.
