The President is not squaring with the American people as to the seriousness of our nation's fiscal condition. It is time for people to stand up and tell the truth.
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When you're borrowing 40 cents of every dollar that you spend, that can't continue much longer. I think everybody really does understand that, and it's going to require all of us - those who are the most fortunate among us - but it's really going to require every American to contribute to a solution.
What I think we need to do to engage the American people in a conversation about entitlement reform is to have a bipartisan group of people who come together and put every solution on the table, every alternative on the table. And then we ought to engage in a long conversation with the American people so they understand the choices.