Speech at 2011 CPAC conference: on Budget & Economy

Rand Paul: Debt crisis is approaching a point of no return

The House Republican proposal will freeze this much of the budget at 2008 levels and will add $3 trillion to the debt over five years. It's too little. It's not enough. It's too timid, and we must be more bold.

Mitch Daniels: Our "raisin' debt": survival-level threat of red ink

I refer, of course, to the debts our nation has amassed for itself over decades of indulgence. It is the new Red Menace, this time consisting of ink. No enterprise, small or large, public or private, can remain self-governing, let alone successful, so deeply in hock to others as we are about to be.

If a foreign power advanced an army to the border of our land, everyone in this room would drop everything and look for a way to help. That is what those of us here, and every possible ally we can persuade to join us, are now called to do. It is our generational assignment. It is the mission of our era. Forgive the pun when I call it our "raisin' debt."