The amount of U.S. debt held by countries such as China and Japan is at a historic high, with foreign investors holding half of America's publicly held debt. This dependence raises the specter that other nations will be able to influence our policies in ways antithetical to American interests.

Challenges of historic import threaten America's future. Action on the deficit, economy, energy, health care and much more is imperative, yet our legislative institutions fail to act. Congress must be reformed.

If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months.

Baseball may be our national pastime, but the age-old tradition of taking a swing at Congress is a sport with even deeper historical roots in the American experience. Since the founding of our country, citizens from Ben Franklin to David Letterman have made fun of their elected officials.

As Indiana's governor, I balanced eight budgets, never raised taxes, and left the largest surplus in state history. It wasn't always easy. Cuts had to be made and some initiatives deferred. Occasionally I had to say 'no.

In recent years, we have seen technology advance at lightning speed, allowing us to accomplish lifesaving feats never imagined before. It is our responsibility to ensure that these advances are used for positive medical breakthroughs, and not allowed to restrict rights or limit access to health insurance or job opportunities.

Filibusters have proliferated because under current rules just one or two determined senators can stop the Senate from functioning. Today, the mere threat of a filibuster is enough to stop a vote; senators are rarely asked to pull all-nighters like Jimmy Stewart in 'Mr. Smith Goes to Washington.'