We can't have deficit spending in Texas. You have to balance your budget every two years.

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I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.

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Things To Be Balanced

Balance my heart between fast and slow beating rate,
Balance my wealth between the pauper and the rich state,
Balance my food between malnourished and overeating,
Balance my thought between weird and super serene.

Balance the car tyres to get aligned,
Balance the budget without any deficit,
Balance the love for the work and the family,
Balance the time between the recreations and duties.

Lord, Balance my posture of attitude at the altitude,
Balance my temperamental words when in multitude,
Balance the balance of deeds, on the judgment day,
by adding some good deeds or removing something bad.

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If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.

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To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.

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We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.

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You know, the Democrats want to balance the budget by raising spending and raising taxes. The Soviet Union had a balanced budget.

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Reconciliation is a special budget procedure to change entitlement and tax laws. It cannot be filibustered and requires only a simple majority in the Senate to be passed. It is primarily intended for deficit and mandatory spending reduction.

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You want to balance the budget in this country? We change the salary structure for Congress and the President. Every year they don't balance the budget, we don't pay them.

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We've not had one Republican president in 34 years balance the budget. You can't trust right-wing Republicans with your money. You ought to hire somebody who has balanced a budget. I'm much more conservative with money than George Bush is.

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Who Has Been Supplying The Laughing Gas?

Look...
The Chinese own the debt.
We have borrowed more money from them,
Just to keep up false appearances.
They know this.
And the puppeteers know this too!
It makes little sense to talk about,
Whose doing the wasteful spending...
At this stage of the greed game.

And I am highly patriotic!
So do not throw that dissident...
Maverick business,
In my face.
Ignorance is not bliss.
Many folks are beginning to realize it!

People are losing what they thought was theirs,
Because...
Well,
It was never theirs anyway.
Just to hold on loan!
That's it.
Anyone confined to paying taxes...
Stop paying them.
You will find out quick,
Who owns what!
And who will come to take it.
This is a 'business'!
And you are the commodity.

And people in politics talk about what their plans are,
To control and balance the budget and monitor the deficit?
Who has been supplying the laughing gas?
More is needed.
The supply of it is getting low!

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Today is the day for the complaining to end and for statesmanship to begin. Today I am taking action to cut state spending and balance the budget this year.

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It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.

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You know, to preserve our job-friendly climate the Texas legislature didn't raise taxes this last legislative session while balancing their budget and maintaining their reserves - and might I add that our budget leaves $6 billion dollars in a rainy day fund?

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Look, I am not worried about Washington cutting too much spending too fast. I mean, the kinds of spending cuts we're talking about just right now are $100 billion out of a $3.7 trillion budget.

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As I have traveled throughout my Congressional district, the one thing I heard loud and clear was simply please stop spending money you do not have, rein in spending, live within a budget.

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What we do want to see is reforms that are going to have a permanent effect on the budget deficit.

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And so we go over the cliff fiscally, and our Republican friends try to pin the blame on discretionary domestic spending, including spending for security. We pass budget resolutions that fall far short.

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Domestic discretionary spending on education and health care and the environment has been growing at 2 to 3 percent a year. He says we have to rein it in, but he ignores the spending category that is the big spike in the budget.

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We are worried about the size of the deficit, which is why the president is pleased that the House and Senate have followed his lead in cutting the deficit in half over the next five years.

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The budget enforcement rules of the 1990s were an important part of getting the budget back into balance. It was done on a bipartisan basis. Those pay-as-you-go rules were tested and they worked. We are now in a one-party system, and we have thrown them out.

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