Political Quotes

“I share his concern about the impact of debt on future generations. It is an interesting moment in time when many of my friends from that side of the aisle are raising the issue of deficits and debt. We are in one of the most serious economic crises of our time--maybe the most serious since the Great Depression. This President, recently inaugurated, 2 weeks ago, inherited the worst economic situation since Franklin Roosevelt in the Great Depression in 1933. He inherited a debt that was unimaginable 8 years ago when the previous President began his administration. When President Bush came to office, our national debt was in the range of $5 trillion. When he left office, he doubled that national debt to more than $10 trillion--in an 8-year period of time. The accumulated debt of the United States of America, from its inception to that moment, was $5 trillion; in 8 years President Bush doubled the national debt. Many people believe it is going to continue to grow because of some of the decisions he made.”