Geraghty: The word is that you’re going to run for the House of Representatives in South Carolina’s First Congressional District.

Mark Sanford: Officially we’re going to announce tomorrow, and then it’s off to the races.

Geraghty: Why are you running?

Sanford: For 20 years I’ve been out there, if you look at my record in both Congress and the governorship, talking about the fact that this moment would come. If we didn’t get our nation’s financial house in order, there would be dire consequences to the American taxpayer and to the American dream and for those in this generation and the next. I think we’ve reached that day of reckoning. It seems that we’re averting a new fiscal cliff or crisis every few months these days, and what the numbers point to is that the trend is going to intensify.

What I’d like to do is take all that I’ve learned in my time in Congress and my governorship, on my way up and on my way down, and apply it to what is probably the most important debate that we will have in regard to the future of our country. I’m running because I care deeply about spending, and the mathematical impossibility of us continuing down the path we’re on.