Political Quotes

On the recordMarch 26, 2003
our Nation is at war. Our Federal budget faces unprecedented deficits. According to the Congressional Budget Office, counting the cost of that war, the deficit will be $587 billion this year alone. And we are on the threshold of a crisis in the funding of our Social Security system as the baby boom generation begins to retire in the next decade. Yet this budget resolution calls for fully $850 billion in tax cuts, all of which will be borrowed from that Social Security system. In my 30 year career in the Senate, I cannot recall a more reckless or irresponsible proposal. Instead of a careful, conservative approach to our finances, instead of caution and a sense of responsibility in these dangerous times, this budget throws caution to the wind and simply dumps the bill for our actions today on our children and grandchildren. These are no ordinary times. We are now fully engaged in a war in Iraq, a war that will not be truly over until the reconstruction of that nation is accomplished. The $75 billion that the President has just requested is just the first installment on that commitment. We cannot know the full costs of that undertaking, which could take many years to complete. At the same time, the global war on terrorism must be fought here at home as well as in the farthest corners of the globe. The costs of that commitment will be substantial and could well represent a permanent change in the way we do business.
Said by
Joe Biden
Democratic · Delaware

Editor's note · Context

Discussing the federal budget and its implications during a time of war.

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