11:28 pm: Full Text of Rubio’s Speech —- Full Text of Paul’s Speech

11:11 pm Marco Rubio goes on twitter to laugh off part of speech where he needed a water break [insert watergate joke here]

11:04 pm: Rand Paul concludes speech, takes softer tone on immigrants while condemning executive power for kill list and recess appointments. Blames government for jobs crisis.

10:57 pm: Rand Paul Speech Live.

10:50 pm Rubio concludes speech marked mostly by dreamy rhetoric

10:33 pm: Live Feed Rubio Speech

10:12 pm EST: Excerpts from Rand Paul’s response:

We are the party that embraces hard work and ingenuity, therefore we must be the party that embraces the immigrant who wants to come to America for a better future. We must be the party who sees immigrants as assets, not liabilities. We must be the party that says, ‘If you want to work, if you want to become an American, we welcome you.’

The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation.

Both parties have been guilty of spending too much, of protecting their sacred cows, of backroom deals in which everyone up here wins, but every taxpayer loses. It is time for a new bipartisan consensus. It is time Democrats admit that not every dollar spent on domestic programs is sacred. And it is time Republicans realize that military spending is not immune to waste and fraud.

Not only should the sequester stand, many pundits say the sequester really needs to be at least $4 trillion to avoid another downgrade of America’s credit rating. Both parties will have to agree to cut, or we will never fix our fiscal mess.

Washington acts in a way that your family never could—they spend money they do not have, they borrow from future generations, and then they blame each other for never fixing the problem.

If Congress refuses to obey its own rules, if Congress refuses to pass a budget, if Congress refuses to read the bills, then I say: Sweep the place clean. Limit their terms and send them home!

Marco Rubio

Rand Paul

The Republican Party and its Tea Party faction will be responding to President Obama’s State of the Union speech. Senator Marco Rubio of Florida will be giving the official GOP response with Senator Rand Paul of Kentucky giving the “Tea Party” response.

Parts of Rubio’s response have already leaked

“This opportunity – to make it to the middle class or beyond no matter where you start out in life – it isn’t bestowed on us from Washington. It comes from a vibrant free economy where people can risk their own money to open a business. And when they succeed, they hire more people, who in turn invest or spend the money they make, helping others start a business and create jobs. Presidents in both parties – from John F. Kennedy to Ronald Reagan – have known that our free enterprise economy is the source of our middle class prosperity. But President Obama? He believes it’s the cause of our problems.”

“Mr. President, I still live in the same working class neighborhood I grew up in. My neighbors aren’t millionaires. They’re retirees who depend on Social Security and Medicare. They’re workers who have to get up early tomorrow morning and go to work to pay the bills. They’re immigrants, who came here because they were stuck in poverty in countries where the government dominated the economy. The tax increases and the deficit spending you propose will hurt middle class families. It will cost them their raises. It will cost them their benefits. It may even cost some of them their jobs. And it will hurt seniors because it does nothing to save Medicare and Social Security. So Mr. President, I don’t oppose your plans because I want to protect the rich. I oppose your plans because I want to protect my neighbors.”

“Economic growth is the best way to help the middle class. Unfortunately, our economy actually shrank during the last three months of 2012. But if we can get the economy to grow at just 4 percent a year, it would create millions of middle class jobs. And it could reduce our deficits by almost $4 trillion dollars over the next decade. Tax increases can’t do this. Raising taxes won’t create private sector jobs. And there’s no realistic tax increase that could lower our deficits by almost $4 trillion. That’s why I hope the President will abandon his obsession with raising taxes and instead work with us to achieve real growth in our economy.”

“The real cause of our debt is that our government has been spending 1 trillion dollars more than it takes in every year. That’s why we need a balanced budget amendment. The biggest obstacles to balancing the budget are programs where spending is already locked in. One of these programs, Medicare, is especially important to me. It provided my father the care he needed to battle cancer and ultimately die with dignity. And it pays for the care my mother receives now. I would never support any changes to Medicare that would hurt seniors like my mother. But anyone who is in favor of leaving Medicare exactly the way it is right now, is in favor of bankrupting it.”

“Despite our differences, I know that both Republicans and Democrats love America. I pray we can come together to solve our problems, because the choices before us could not be more important. If we can get our economy healthy again, our children will be the most prosperous Americans ever. And if we do not, we will forever be known as the generation responsible for America’s decline.”