Political Quotes

“Mr. President, I rise in support of the three free-trade agreements with Colombia, Panama, and South Korea that will be before us shortly here in the Senate. Few States need these agreements more than the State of Illinois. This week, I released a report on the State of Illinois's debt. We now have the worst credit rating in America. Our State has fallen to 47th for a healthy business climate, with only half of the State's pension and health care promises actually funded. Instead of continuing our State's debt spiral, these agreements will help the bottom line of Illinois exporting employers who hopefully will create thousands of new jobs without adding to the borrowing of our State or any new taxes. Since 1997, Illinois exports to Colombia have increased by 164 percent, and exports to Panama have increased by 196 percent. Collectively, the three nations represented more than $1 billion worth of Illinois export sales in 2010. We will see the benefits of these agreements across a wide spectrum of jobs--from high-tech companies to manufacturers to farmers. Illinois-based Caterpillar, in Peoria, which in 2010 exported $13 billion worth of products to other countries, will see tariffs reduced by hundreds of thousands of dollars on goods through these free-trade agreements. The Panama Canal expansion project alone represents a $300 million opportunity for Caterpillar.…”