Political Quotes

“Mr. President, we are on the precipice of a depression because of politics. Right now, every single State and most counties and most cities are experiencing a budget crisis like they haven't seen in generations. Tax revenues are down due to high unemployment, rising healthcare costs, and the drop in consumer spending and emergency relief costs continue to skyrocket, and that means our States, our cities, and our towns have run out of money or are quickly running out of money. But in the latest proposal, the Republicans allocate nothing at all to State and local government. You heard that correctly. In midst of the biggest public health crisis in a century, Republicans will not send a single dollar in emergency aid to our States, our cities, and to our counties. Economically, this is just ridiculously bad. It will cost roughly 4 million jobs, and it will have a direct impact on GDP and on the programs and services that we need in order to come out on the other side of this pandemic. Budget shortfalls among State and local governments are approaching half a trillion already, and for my home State of Hawaii, we are confronting over a billion dollars in losses. Unlike the Federal Government, our State and local governments are operating with finite amounts of dollars. They don't have an unlimited line of credit. And a majority of States require a balanced budget by the end of the year.…”