Political Quotes

“The gentleman from Fairfax, Virginia, has just told us that we have avoided the fiscal cliff. I wonder if our children and grandchildren can take any comfort in that. I had no idea that the deficit and the debt had gone away. I had been told they were increasing by billions of dollars every day. We have another difference of opinion across the aisle. Our colleagues are saying we need more Federal regulations--those that are covered by this bill that cost $100 million or more. We on this side of the aisle think that we could do well with a few less more regulations. Yes, every President has added regulations, every administration--and we're supposed to say that that is a good thing? Regulations today cost $11,000 per American worker. Now, that's not taxes; that's not your Social Security; that's not their expense. That is just the Federal regulations. Fourteen percent of our national income, according to Dr. Douglas Holtz-Eakin, our former Congressional Budget Office director, 14 percent of our national income is being absorbed by Federal regulations. Now, the gentleman from Tennessee says there were all these regulations before, and the Obama administration, they passed very few regulations. Well, not according to Dr. Holtz-Eakin. He actually says that in the last 4 years, the Obama administration has added over a half-trillion dollars worth of new regulations. Boy, so it may be Groundhog Day, but we're another half-trillion dollars deeper in Federal regulations.…”