The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.

If we do not act now to strengthen Social Security, the system that so many depend upon today will be unable to meet its promises to tomorrow's retirees, and it will burden our children and grandchildren with exhaustive taxes.

Every year the Federal Government wastes billions of dollars as a result of overpayments of government agencies, misuse of government credit cards, abuse of the Federal entitlement programs, and the mismanagement of the Federal bureaucracy.

I am convinced that China needs to be a strong trading partner with the United States long term.

For far too long, America has been without a comprehensive energy plan, and today consumers are paying the price - literally - at the pump and in their heating bills.

The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.

Congress has changed the Social Security system over time, and over 20 times in the past Congress has raised taxes on Social Security in payroll taxes into the system.