Political Quotes

On the recordJuly 20, 2010
Thank you so much, Mr. Tonko, and I just wanted to add a couple of things and then I know Mr. Schauer will close us out. But one of the things that I think is important to note that we also have done--because deficits are really an issue and deficit spending is an issue--we, when we took the majority back, reestablished the PAYGO rules and then enshrined them in statute in this Congress to make sure that legislation that we pass is paid for, that we don't, like most families have to do, like every family I know, can't spend more than they take in. The Republicans let those rules which were originally adopted under the Clinton administration and resulted in the record surpluses that President Bush inherited, they let those rules lapse. Well, we reestablished them because when they let those rules lapse, that's when we ended up in a huge deficit situation. {time} 2130 Because of that, we are able to, with the budget that we have adopted, cut the deficit in half over the next number of years and focus on deficit reduction while also making sure that we balance that with investments so that we can get our economy back on track. That's the difference between us and them, and I hate to say it like that, but, really, there hasn't been a more stark contrast in the choice that Americans have to make in this election, and I look forward to spending some more time on the floor talking with my colleagues about it.

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