I believe, as a matter of principle, that the debt is a problem that must be addressed sooner rather than later. I also know that fundamental changes are needed in the way Washington spends and taxes if we truly want a healthy economy. This must include changing our government's long-term fiscal path, which is unsustainable.

When you grew up in a household where mom would keep the extra ketchup packets from McDonald's and keep them in a drawer just in case there came a day when you couldn't afford to buy ketchup anymore, that gets ingrained in you.

There is absolutely no way that the U.S. will ever default on its debt. We are not going to do that.

Mick Mulvaney Quotes