Look, we know we screwed up when we were in the majority. We fell in love with power. We spent way too much money - especially on earmarks. There was too much corruption when we ran this place. We were guilty. And that's why we lost.

The Republicans have put together serious detailed counter-proposals when we have objected to this administration's agenda. And so, I want to tell the President and remind him again, we're not voting no for political expediency. We've got our principles, and we're going to stand up and defend those.

I mean, the Obama position has been, "We think government ought to be spending this money, not the people who earn it."

We know that appropriators will fight these cutbacks. But by eliminating earmarks, we can stop the horse trading that grows agency budgets.

We will cut programs, we will try to rein in the size of the bureaucracy. We will bring federal pay scales that have become so exaggerated into line with market rates.

Whether it's people walking off 'The View' when Bill O'Reilly makes a statement about radical Islam or Juan Williams being fired for expressing his opinion, over-reaching political correctness is chipping away at the fundamental American freedoms of speech and expression.

It is my hope that I can stand before you in two years and report back that our side, as well as the president's, found within us the ability to set differences aside, to provide relief to so many millions of Americans who simply want their life to work again.