Political Quotes

“I am not coming down here to blame one side or the other for the financial position that we are in because we all have a part to play in the story, but this is a great day. I was also asked earlier about how I felt about today, and I told them I felt relieved. I was afraid of the credit markets. I was afraid of rising interest rates. Whatever recovery we are having, I was afraid that it could stem that tide. So I do feel a great relief. This is one of the few times, in the 103 times that we have actually cut spending, when we tried in attempting to raise the debt limit. We can no longer continue to spend and borrow 42 cents of every dollar that we spend. It's ridiculous, and this is starting to change that process. We are going to have discretionary cuts. We are going to have entitlement reforms. I do like the supercommittee: bicameral, bipartisan, equally divided. When have we had a committee where we have equally divided the decision-making not upon majority and minority side, but equally divided, three Republicans, three Democrats in the House; three Republicans, three Democrats in the Senate? If this committee can't start addressing our entitlement reforms, then I am afraid we are never going to do it. So I have great faith in my colleagues who will be put on this committee. We really have to make the great choices. I appreciate the Rules Committee for bringing this to the floor, and my good friend, David Dreier.…”