Maxwell Frost: “It is often said if you repeat a lie often enough, people begin to believe it. Our record $350 billion deficit, the…”

“It is often said if you repeat a lie often enough, people begin to believe it. Our record $350 billion deficit, the Republican Congress tells us that does not matter. The fact that this Republican administration has asked us not once, but twice, to raise the debt limit to record levels, ignore that, and maybe it will go away. The promise that all Members made to protect Social Security and Medicare funds in a lockbox, that does not seem to matter either. This is not government. This is a complete abdication of fiscal responsibility. In 1995 the now majority leader, Tom DeLay, said, 'By the year 2002, we can have a Federal Government with a balanced budget or we could continue down the present path towards total fiscal catastrophe.' It is now abundantly clear that the Republicans have lost their way and have decided that the path of fiscal catastrophe is not such a bad path after all. That begs the question, what are the priorities of the Republican Party that makes tripping down the path to fiscal catastrophe such a great idea in 2003 when it was so bad an idea in 1995? Well, we know the Republicans' top priority is to give millionaires a dividend tax cut. Where does that money come from? Well, the Republican budget conference report cuts veterans' Medicare and burial benefits by $6.2 billion. So if you are a millionaire and you have got a lot of dividend and capital gains income, the Republicans take care of you.”