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At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

The American people need to know that money is being used effectively because frankly, the nation can't afford careless spending, no matter how well-intentioned.

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

China owns more of our bonds than do Americans. That's not a good position to be in.

I'd like Americans to save their money, and not get taxed on their savings.

The American people know that our economy is struggling right now, partly because of the debt that is impacting American families, hardworking taxpayers all across this country.

It's very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.

When you have a country that's been accustomed to government spending at a certain level, it is really hard to ratchet it back.

When the U.K. or U.S. government issues bonds to fund a deficit, the buyers are not solely in the U.K. or the U.S. - they're in Asia, Europe, Latin America and the Middle East. Investment banks provide direct access to these buyers.

We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.