Political Quotes

“Oh, brother. Where did the deficits come from? Well, first of all, let's understand that public policy doesn't change the moment a President comes into office. There is the continuity of the previous years' policies that stay in effect for a while until those are changed. Even then, it isn't an immediate night to day. It takes a while for the policies to go into effect. So the charts that were shown earlier are just plain disingenuous, if not outright false. The George W. Bush administration came into office with a significant surplus that was created in the last 3 years of the Clinton administration. I think it was about a $500 million annual surplus that was projected to go on into the future. The George W. Bush administration, together with the Republican-controlled Congress and Senate, did four things that created the deficit that we have today, which the Republicans want to pin back onto Obama and the Democrats. Here are the four things they did: First of all, they instituted one of the largest tax cuts ever in American history for the wealthiest 10 percent of Americans, not for the everyday workers--not for the people who are out earning salaries day by day or who are earning hourly wages--but for the wealthiest. That is fact one. Fact two, the prescription drug benefit for seniors was not paid for, and they specifically put in a provision that prevents the Federal Government from negotiating prices with the pharmaceutical companies.…”