Political Quotes

“Well, let's continue this discussion of infrastructure. The last time we took this up 3 weeks ago, we had talked about an infrastructure bank, a proposal that's been presented to the House of Representatives now for at least 15 years. I believe our colleague from Connecticut, Rosa DeLauro, has introduced that bill year after year. You said that the Federal Government can borrow money, 10-year notes, even 15-year notes somewhere around a percent and a half, maybe towards 2 percent. If we were to borrow that, put it into an infrastructure bank, and then loan money to infrastructure projects that have a cash flow, sanitation facility, water facility, toll bridges, and numerous other kinds of infrastructure which are desperately needed, we could have a financing system that, over time, would actually make money for the Federal Government, could borrow at 1\1/2\ percent, loan at 1\3/4\ percent, have a margin there. The money would flow back in. You'd get that revolving. The President has actually proposed this in his American Jobs Act. He's picked this up during his debate, the fiscal cliff negotiations, put it back on the table. We ought to be doing that. In doing so, we will create tens of thousands, indeed hundreds of thousands, of American jobs, American jobs.…”