I believe our national debt problem should not serve as a partisan football. Our debt is a significant threat to national security. But, it's more than that -- it is immoral to leave this debt to the next generation. We have no right to spend the money and leave them to pay the bills. There are two realistic bi-partisan proposals that I have been reviewing: the Simpson-Bowles report and the Domenici -- Rivlin commission plan. I firmly believe that the data and analysis in these plans can form the basis of a solution, but it won't be easy. While I may not agree on all the details, I think the overall approach they take makes a great deal of sense: cut spending in an intelligent way, simplify the tax code, cut tax rates and eliminate most loopholes to generate additional revenue. Such a combination can put us on a trajectory toward serious and substantial deficit reduction.