Tonight President Obama clearly laid out why Republicans must work with us to ensure our nation can pay its bills and take balanced action to reduce the deficit. Democrats agree that we cannot simply kick the can down the road, as Speaker Boehner's proposal irresponsibly does. We must act now to give our economy and the markets certainty. Republicans have walked away from every proposal and have held our economy hostage for too long. With August 2 around the corner, it is time to reach agreement on a long-term solution.