MICHELLE CARUSO-CABRERA: Does the country have a spending problem sir? Does the country have a spending problem?



REP. STENY HOYER (D-MD), HOUSE MINORITY WHIP: Does the country have a spending problem? The country has a paying for problem. We haven't paid for what we bought, we haven't paid for our tax cuts, we haven't paid for war.



CARUSO-CABRERA: How about what we promised? Are we promising too much?



HOYER: Absolutely. If we don't pay, we shouldn't buy.



CARUSO-CABRERA: So how is that different than a spending problem?



HOYER: Well, we spent a lot of money when George Bush was president of the United States in the House and Senate were controlled by Republicans. We spent a lot of money. (Squawk Box, February 12, 2013