Rick Perry in Yahoo's "Your Voice Your Vote" debate in Iowa, Dec. 10, 2011

On Budget & Economy: The federal reserve is at the root of a lot of our problems

PAUL: I have learned that you should never give up on your opposition. Because if you're persistent, and you present your case, they will come your way. So Rick, I appreciate it. You're open to the federal reserve. That's wonderful. But I work from the assumption that freedom brings people together.

On Government Reform: Cut Congress' pay in half & make them part-time

PERRY: I think that it's the states' call, not the federal government. But the real issues that we have in this country are that people are sick of Washington, D.C. They're sick of the money that they're seeing spent, they're sick of the fraud and the corruption that they're seeing. They're sick of seeing their kids' futures mortgaged because we've got a Washington, D.C., that is out of touch with the country. It's the reason, when I talk about my overhauling Washington plan, and I've gotten a pretty good response when I talk about going to a part-time Congress. Cut their pay in half, let 'em spend half the time in Washington, D.C. Send 'em back home to have a regular job like the rest of the people in their districts, and work under the laws that they pass. That, I suggest, along with a balanced budget amendment, will go a long way toward stopping a lot of the nonsense that we're seeing coming out of Washington.

On Health Care: ObamaCare is an abomination for this country

PERRY: [Romney] has been for the individual mandate. I'm stunned, Mitt, that you said you wished you could've talked to Obama and said "You're going down the wrong path," because that is exactly the path that you've taken in Massachusetts. [One] study said there've been over $8 billion of additional cost. I wish you could have had the conversation with the people of Massachusetts a long time before that phone call, because the fact of the matter is, you're for individual mandate. And you can talk about "I'm going to repeal ObamaCare." But the record is very clear. You were for individual mandates. And that is the problem. And the question is then, "Who can look Obama in the eye, and say, 'ObamaCare is an abomination for this country,'?" And I'm going to do that. And I can take that fight to him and win that fight.