Political Quotes

“Mr. President, first, let me thank my colleague from Oklahoma for highlighting this issue and for reaching a point where the American people have wanted us to be for some time, and that is to simply look at the spending that is going on in Washington and say enough is enough. That if we are going to continue down the road of increasing Federal spending, then we have to offset that additional Federal spending that is over and above the amount of revenues coming in. I also wish to say to my friend from Michigan, the chairman of the Armed Services Committee, who made the request on the approval of the promotion of a general that, as he knows, I have already voted in favor of doing that one time within the committee. I regret we are having to stand up and object. However, as he well knows, that is part of the process here, so Senator Coburn had to object on behalf of another Member of the Senate. I can't help but note, as we are talking about spending here, an article that appeared in this morning's Washington Times. The caption in the article is ``CBO Report: Debt Will Rise to 90 Percent of GDP.'' The article reads: President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the Federal debt to 90 percent of the Nation's economic output by 2020, according to the Congressional Budget Office.…”