Political Quotes

“Let's continue the conversation for a few moments here. Presumably, these cuts were made to deal with the deficit. We've got a deficit problem. Thank you so very much for going back to the history of how we wound up with this huge deficit problem. It did begin in 2000 when the Clinton administration left office. The projection for the decade 2000 to 2010 was there would be a $5 trillion surplus, $5 trillion surplus. Based upon the policies that were in place when Clinton left office, 2001, $5 trillion surplus, literally paying off all of America's debt--gone, history. What happened? How well you said it. Two tax cuts that were not paid for that cut the revenue of the Federal Government. Two wars, Afghanistan and Iraq, not paid for. First time in America's history that we went to war without having some way to pay for it, that is, some tax policy to pay for it. And then on top of that, a Medicare program, the drug benefit, again, a hundred billion dollar program, not paid for, and then the heart attack. {time} 1520 The crash of the world economy was caused by excess Wall Street exuberance. In many cases, that exuberance was fraud, misdirection, and the collapse of the financial industry taking down the world economy and our economy.”