Political Quotes

On the recordJuly 21, 2011
Thank you, Mr. Speaker. The time for talk is over. The time for action has come. We are in a spending-driven debt crisis. Washington is spending money it doesn't have, and it's leaving the American people, our children and our grandchildren, with the tab. The national debt now stands at $14 trillion, which is equal to 95 percent of the economy of the United States. In his first 2 years in office, President Obama has added more to our national debt than was added between 1776 and 1992, totaling close to $4 trillion in new debt in less than 36 months. We are now borrowing 40 cents on every dollar. I was a small business owner before I came to Congress, and if I borrowed 40 cents on every dollar, my business would have been out of business. American families know that if they're borrowing 40 cents on the dollar, it's not long before they're in crisis. President Obama inherited an economy in distress. There's no denying that. However, practically every decision he has made and every policy he has pursued has made matters worse. Between a failed trillion-dollar stimulus and a trillion-dollar government takeover of health care, this administration has spent without restraint and without regard to our financial health. If spending is the problem, then controlling Washington spending is the solution. My colleagues stand on the House floor and talk about increasing revenues by raising taxes, but history tells us a different story. We can raise revenues by lowering tax rates.…
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Bud Shuster

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