Political Quotes

“Mr. President, I will support this legislation but with very serious reservations. I start with the premise that this debt limit extension is not the one piece of legislation that will change everything wrong in Washington. It is, at best, a reversal of previous tax-and-spend policies, with some movement down the road to fiscal responsibility. The bill sets us on a course that, if we adhere to it, will eventually enable us to balance our budget, draw down our debt, put entitlement programs on a sustainable path, and create the conditions for strong economic growth. That it could have been better is absolutely true as a substantive matter, but politically, the White House and the tax-and-spend Democrats in Congress would not agree to more. They control this Chamber and the executive branch of government. A second premise of Republican leadership was that the U.S. Government must pay its bills, not just to investors in U.S. bonds but to fulfill its commitments to the American people. From Social Security to national defense, we have obligations that Republicans insist must be met. So default was not an option. That meant agreeing to terms for a debt extension that satisfied neither party. Another premise is to focus on job creation and restoring a healthy economy. That meant not only constraining Washington spending through greater accountability but preventing job-killing tax hikes. In this, we succeeded.…”