Political Quotes

“Mr. President, I thank the chairman of the Finance Committee and my friend from Utah, the ranking member of the committee. Senator Coburn of Oklahoma, who just spoke, and I probably see so many things differently, but yet we see many things the same. He and I come to the Senate with different backgrounds, perhaps different political values in many areas, and a much different voting record. They would put us on opposite sides of the political spectrum if they described those voting records. Yet I have found, over the last several years, Senator Coburn and I have been able to agree and come together on some of the important issues which he just raised on the Republican side of the aisle, which are shared on the Democratic side of the aisle. Senator Coburn and I served on the Bowles-Simpson Commission, a commission appointed by President Obama, to reduce our Nation's debt and deficit. I voted for the Commission report, with some misgiving over proposals but believed it moved us in the right, proper, and necessary direction. The fact and simple fact is, the United States borrows 40 cents for every $1 our government spends. It borrows 40 cents for every $1 we spend, primarily after we have exhausted the savings of Americans, from foreign nations such as China, that end up buying the U.S. treasurys to fund our debt. So as we go more deeply into debt, we become more indebted to foreign countries, sovereign nations and their sovereign funds.…”