RAND PAUL: What if we start tomorrow and say, "We--" you know how much money we bring in? We bring in $200 billion a month. Let's spend what we bring in. Spend what you have.
DIANE SAWYER: But are you talking about trying to cut $400 billion by March?
MICHAEL GRIMM: Start doing it. You start only spending what--
MICHAEL GRIMM: --process. This is-- again, it-- it's no different than every American that takes care of their household. Somehow they figure out a way to support their children. To put food on the table. To pay for their car. To pay for their mortgage or their rent. They figure out how to do that.
DIANE SAWYER: Let me--
MALE VOICE: Then Congress needs to do the same.
DIANE SAWYER: Can I ask it another way? Anybody here gonna vote and say, "Yes, I'm going to vote for the debt ceiling and lifting the debt ceiling, because it would be cataclysmic not to"?
PAUL GOSAR: I can't-- that's a question that has to be redefined. Because I'm not willing to look at that unless I see benchmarks and I'm given some concessions as to when those benchmarks will happen.
DIANE SAWYER: What do you think about what Speaker Boehner said in the New Yorker? And he said, "This is the first really big adult moment."
MIKE LEE: What-- what about the adult moment when-- then Senator Barack Obama faced. Which-- as I recall, when he was asked to vote to raise the national debt ceiling a few years ago, he voted no. He said it would be irresponsible. So, why is it all of a sudden cataclysmic to vote no just because he's President?
DIANE SAWYER: But what about those of you in the House? What did you think about Senator Boehner saying this is the first big adult moment. And he went on to say, "This is going to be difficult, but serious problems would exist if we don't raise the debt ceiling. That's the bottom line."
MALE VOICE: Well, he--
DIANE SAWYER: "Serious problem."
MICHAEL GRIMM: There's no way to avoid that. I mean, that's absolutely true. If America defaults on its obligations-- loses our-- you know, triple A rating and so on. There are extreme consequences to that. But again, I think it's a process. This is-- this is not-- we can't just define it as a simple yes/no.
DIANE SAWYER: How did you feel about the phrase "adult moment"?
MALE VOICE: I think it's--
PAUL GOSAR: I love that "adult--"
PAUL GOSAR: I love the adult moment. Because adults when they sit talking about budgets, they look at it consequentially. And look at, okay, "I'm in a hole. Here's how I get out of the hole." And we look at it very constructively to come to a solution. And it's never an all or one. Sometimes that occurs. But that's not where we're at.
DIANE SAWYER: --to you. Someone--
MALE VOICE: I think the adult--
DIANE SAWYER: --they seem to be talking to you as a principle--
SCOTT TIPTON: I think it probably goes back to really-- your comment earlier that-- hey, we're facing a crisis. I think-- Speaker Elect Boehner's concept that we-- have to deal with this like adults, because we've had a crisis mentality-- that we've been living under as a country if we don't do this. And it's always more money and bigger government.
MICHAEL GRIMM: I took it--
(MALE VOICE: UNINTEL)
MICHAEL GRIMM: --differently altogether.
VICKY HARTZLER: I did, too.