Political Quotes

“Here we are days away from the end of this fiscal year, and we have recorded in the last 6 years, under the Bush administration and the Republican-led Congress, the worst deficits in the history of the United States. We have an administration which inherited a surplus from the Clinton administration--several years of surplus and paying down the debt of America and strengthening Social Security--and they squandered it, wasted it. They turned their backs on it and allowed us to sink deeper and deeper into debt--a debt we ultimately will have to pay, a debt which, sadly, is being financed by foreign countries such as Japan, China, Korea, and the OPEC nations. They are the mortgage holders of America's mortgage. Who will pay off this mortgage? The young people of America, our children and grandchildren--as this Congress heaps debt upon debt, as this President has the dubious distinction of being the first President in the history of the United States of America to call for a tax cut during a war. The reason no other President has done it is because it doesn't make sense. You have the ordinary expenses of Government that are increased because of the war you must fight, and this President then says: Let's cut taxes while we are at it, digging a deeper hole for America's economy and America's future. So there is no budget, not one appropriations bill signed by the President, no increase in the minimum wage--9 years now.…”