hit no spending cuts in it. nothing in it. one sentence bill. you re talking about a vote in 2006. you re correct. why did you do that? why did you vote for a debt ceiling increase that was a one-sentence bill with no spending cuts whatsoever? i have to tell you this. the spending is out of control. you won t tell cuss why you cast that vote. right? you won t answer that question. this president has spent more than every president from george washington to we re running out of time. i m going to have to wrap this up. this spending has to stop. you won t answer that question. i ve told you. we have, there has been far too much spending. the spending is out of control. we have to get it when the debt was at $7 trillion, when the debt was at $7 trillion, congresswoman, you didn t blink an eye at raising
put this nation on a firm financial footing. what we do not want to do is have the nations that hold our debt, china being one, japan number two, the uk number three and opec number four. those are the entities that hold our debt. china owns about 25% of that. what we don t want to do, lawrence, is to cap our children s future and trade it to the people that hold that debt. this is a very serious issue. it is one where we cannot kick the can down the road. what we are saying is, let s get this addressed. and we are certain that we have put good plans on the you know, the president doesn t have a plan. he has yet to a put a plan on the table. he has put a plan on the table. congresswoman, he put a plan on the table at 6:00 p.m. on friday at in his conference. he out lined specific cuts. he didn t want to bore us
democrats say we should maintain social security and medicare instead of reducing the debt. in that same poll, 87% of respondents said social security is a good program for the country. 88% say medicare is a good program for the country. and, five, yes, five national polls released this month found that an overwhelming majority, an average of 67%, say deficit reduction must be a balance of spending cuts and revenue increases. the balanced approach referred to by the president tonight by comparison, only 26% on average support deficit reduction through spending cuts alone. joining me now, democratic congressman rob andrews of new jersey and republican congresswoman marcia blackburn of tennessee. congresswoman blackburn, the
financial footing. what we do not want to do is have the nations that hold our debt, china being one, japan number two, the uk number three, and opec number four, those are the entities that hold our debt. china owns about 25% of that. what we don t want to do, lawrence, is to cap our children s future and trade it to the people that hold that debt. this is a very serious issue. it is one where we cannot kick the can down the road. what we are saying is let s get this addressed. and we are certain that we have put good plans on the you know, the president doesn t have a plan. he has yet to put a plan on the table. he has put a plan did you see congresswoman, he put a plan on the table on 6:00 p.m. on friday and in his press conference and he outlined specific cuts. today he didn t even want to bar us with t
voted for divided government, but they didn t vote for a dysfunctional government. so i m asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. the white house communications director tweeted that the servers on capitol hill crashed after the president made that plea for people to get in touch with their congressional representatives. after the president s speech, house speaker john boehner spoke for roughly five minutes, and he came out against president obama s proposals. president obama came to congress in january and requested business as usual. he had another routine increase in the national debt, but we in the house said, not so fast. he was a president asking for the largest debt increase in american history on the heels of the largest spending binge in