Political Quotes

“I thank the Senator from North Dakota and the Senator from Alabama. I have been listening to some of the statements that are being made. They are quite sincere. They are quite interesting. But I am afraid, in the end, they are not going to signify very much except good intentions. We have ourselves in a position here where we all know the country has a terrible problem. We are spending a lot more than we are bringing in. The simplest way to explain it is, the last time I looked--I think I am still close on this--revenues of the Federal Government are about 15 or 16 percent of gross domestic product and the spending of the Federal Government is about 25 percent of gross domestic product. There you have a yawning, enormous deficit, which adds up now to a long-term debt of over $15 trillion. We cannot go on like this and be a great country. We cannot go on like this and have any hope of economic recovery. I happen to agree--I should say in gratitude for the extra time Senator Sessions has given me--I happen to agree with the last thing he said. I think--and I am not alone; I think some people on both sides feel this--the best thing we can do for our economy and economic growth is to adopt a bipartisan long-term program that will reduce and hopefully eliminate our debt. Why? Because it will restore confidence in the American economy. We all know that jobs do not come from government. They should not come from government or in government.…”