Statements about Deficit

"Expanding Medicaid would require borrowing more money, drastically expanding our deficit."

Says his deficit plan "made some adjustments to (Simpson-Bowles), and we're putting it forward before Congress right now, a $4 trillion plan."

"President Obama has no plan to reduce the deficit, let alone pay down the debt."

Says President Obama said of the national debt, "If I don't have this done in three years, then there's going to be a one-term proposition."

The Mack Penny Plan for the federal budget  "would balance our budget by 2019" and "continues to gain support."

National debt plus unfunded liabilities adds up to $520,000 per American household.

Obama promised to cut the deficit by half by the end of his first term but he "hasn't even come close."

"George LeMieux voted against the majority of Republicans and joined with Democrats to create a 'Task Force For Responsible Fiscal Action' that looks strikingly similar to the 'Super Committee' now being set up in Washington to justify massive tax hikes."

"The nonpartisan CBO, Congressional Budget Office, has said that the No. 1 policy decision that brought us to the need to prevent the nation from defaulting on our debt for the first time in history were the Bush tax cuts in 2001 and 2003."

To pay for government growth, leaders of both parties "borrowed $4 billion a day, leaving us with today's $14 trillion debt."

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