Political Quotes

On the recordJune 21, 2006
Reclaiming my time, you and Mr. Gates both are giving nerds a good name. Taking up from there, the issue of the balanced budget by the people on the other side of the aisle. I spoke to what happened here in the nineties to balance the budget and what happened to the economy when the dot.com bubble burst and the 9/11 attacks came, and we had to invest billions and billions into homeland security and invest billions and billions into the overall global war on terror. Things will go fast on you in a hurry when you have got to do quick reaction, but the tax cuts have brought a lot of that back. We are moving in the right direction. I am willing to balance this budget. The people on the other side of the aisle are willing to balance the budget if they can raise somebody else's taxes, not their constituents' taxes, but perhaps my constituents' taxes. But I would balance this budget. It is a simple equation. And we always should know what it takes to balance the budget and know whether we are willing to do so or not and have a debate here on this floor, Mr. Speaker. That really hasn't happened a lot of times. But I would submit that if we were to balance this budget, this one that we are in the process now with doing our appropriations bills for the 2007 fiscal year, what it would take is, we have the entitlement spending for Social Security, for Medicare and Medicaid. That goes on. Unless we change the policy there, those expenses are already locked in, and they grow year by year.…
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Steve King
Republican · Iowa

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