Finally sifted through my mail today and came across this interview the US Chamber did with Speaker of the House John Boehner.
Q: How do we pay down our debt?
A: First of all, the discretionary spending side is about one-third of our budget. We just need to look at every single line item of the budget and ask ourselves, 'When you're borrowing 40 cents for every dollar that you're spending, do we really need to do this?' But that's only one-third of the problem. The big problems are the growing unfunded entitlement programs - Social Security, Medicare, and Medicaid. And you'll see us this year begin to develop proposals for how we strengthen those programs for the long term.