Political Quotes

“I thank the gentlelady from Ohio for yielding to me, and I congratulate her for her leadership on this very important fiscal issue that really permeates throughout our society and throughout our families and throughout the entire budgetary crisis that we find ourselves in. I'm so pleased that for the first time in nearly 15 years the House will be voting this week on a constitutional amendment to balance the Federal budget. As a mother and a grandmother, I have long supported this proposal. It will ensure that we fix the burden--and that's what it is, the burden of endless deficits that has fallen on future generations. Unfortunately, as you know, Mrs. Schmidt, the need for this amendment has never been greater. A constitutional amendment can set us on a path to long-term fiscal stability and restore confidence after decades of deficits. Two years ago, the United States experienced its first trillion- dollar Federal budget deficit. We thought things were bad then. Last year, we experienced our second trillion-dollar deficit. We thought things were bad then. This year, our annual deficit has reached over $1.3 trillion, the third trillion-dollar-plus deficit in our Nation's history. It took the United States over 200 years, from the presidency of George Washington to the presidency of Bill Clinton, to amass the amount of debt that was added since the year 2006. That is shocking. And according to the U.S.…”