Political Quotes

“Mr. Speaker, today our national debt exceeds $38 trillion and grows second by second. On a per-person basis, the national debt amounts to $113,000 for every person living in the United States. For generations, Congress has chosen to max out our national credit card and leave the bill to the next generation instead of having hard conversations about spending. Families across our Nation have had these hard conversations, and they balance their budgets. The leaders of this Nation should do the same. Americans know that debt comes with strings attached. Every dollar we spend beyond our means today is a dollar and change we must repay tomorrow. It is no different for government. The more America borrows, the more expensive every next borrowed dollar becomes. Indeed, annual Federal spending on interest is now one of the largest line items we have. We spend more on interest than we do on Medicare. We spend more on interest than we do on national defense. Republicans and Democrats may have different policy ideas and priorities, but surely we can all agree that a budget hamstrung by huge interest payments benefits nobody. Our fiscal trajectory is alarming and unsustainable. Higher-than-expected interest rates or other challenges could trigger a debt spiral. It has happened to other countries throughout history. Without changes, it will happen to us. The day of reckoning will come, and it will not be big and beautiful.”