The US Congress should be forced to return to the legally defined process of passing 12 individual spending bills annually rather than relying on continuing resolutions.

“I actually look at this issue not as Republican versus Democrat, the far right-wing. I think that's misguided interpretation by the mainstream media. I think what this is is the first chance in a while where you're not allowed to pass a continuing resolution.”

The US government's fiscal situation is a dire emergency characterized by excessive spending that requires a strategic turning point to prevent economic failure.

“The entire TARP program during '08 was $400 billion. That's how out of control our fiscal condition is. And this is a function of rising rates, a function of spending. And you know, as we talked about many times over, there's an arithmetic to this that at some point it becomes ever escalating”