Political Quotes

“If you are a person who wants to cut taxes and borrow money from China, then you can keep the economy going. In fact, the job growth has been basically steady for the last 8 years. It has been in the last year, also, and most of this year, and we are thankful for that. Nonetheless, we have a very serious deficit. The CBO estimate that was quoted a moment ago actually took place prior to the tax cut. More recent estimates indicate that the deficit is larger than anticipated and that the growth rate has not expanded to the point that was anticipated and that the deficits that are going to be there are very real. All of that is true. While there have been increases in wages, some 2 percent over the last year, almost 18 months now--and we are grateful for that--those wages are less than the inflation rate; and, therefore, for those working men and women across the Nation who have received an average of 2 percent or so of wage growth, it has been eaten up by inflation. The point here is one of this resolution reminding us that we have a very important obligation to adequately fund, in this case, the Air Force; in the previous piece of legislation, special operations. Indeed, we do have that obligation. But at the same time, we need to have a fiscally sound government. Unfortunately, what happened last December was to pull the foundation of fiscal soundness out from beneath the government's revenue stream.…”