Political Quotes

“I am saddened that this body is descending down a fiscally irresponsible path, a path to trillion-dollar deficits, a path to mortgaging the future for my children and yours. To be clear, what this massive spending bill includes is a 14.6 percent increase in defense spending and a 12.2 percent increase in nondefense spending this year. Next year, a 15.1 percent increase in defense spending and 12.9 percent in nondefense spending. The headlines in The New York Times, Mr. Speaker, says: ``As Deficit Soars Toward $1 trillion, Congress Shrugs and Keeps Spending.'' I also want to quote from the Los Angeles Times. It says: ``The budget deal also means that the United States probably will be returning to trillion-dollar annual deficits . . . .'' When Trump took office about a year ago, the Congressional Budget Office projected the Nation's deficit would run between $500 billion and $700 billion. Now, with lower tax revenues and new spending, the deficit will blow past $1 trillion in 2019. To be fair, I have long argued that $500 billion to $700 billion deficits are too large. I have supported spending cuts, and I opposed the massive Republican giveaway to special interests through the tax reform bill. It would be easy to say here, Mr. Speaker, that the Republicans own this deficit, the Republicans own this debt. But that is too easy, Mr. Speaker. Do you know who owns this debt? My family and yours. It is owned by the American people, Mr.…”