The thought of my children growing up in an America with less freedom, less opportunity, and a lower standard of living is a long-term pain I cannot and will not bear.

You talk to any of the job creators, and they'll tell you one of the things that concerns them the most is the debt. And so high levels of indebtedness are going to lead to high levels of taxation, which lead to high level of unemployment.

Every time we've had a pro-growth fundamental tax reform, be it under President Reagan, President Kennedy - you can even go all the way back to President Coolidge - we have seen paychecks increase, economic growth be ignited, and, actually, more revenues come into the government.

There are several different ways we can get at unclogging the arteries of lending in America and helping working people achieve financial independence. Part of that is going to be through executive action. Part of that is going to be through reconciliation.