Political Quotes

“I rise to talk about the balanced budget amendment. It is obvious America's government is spending, taxing, and borrowing too much. That is why Congress should approve the balanced budget amendment to the Constitution. It was a good idea when Thomas Jefferson supported it, and it is an even better idea today. America is a great experiment in self-government. Self-government requires self-control. Early thinkers about America's democracy worried about the capacity of the government to borrow in a way that would cripple our freedom. Children cannot vote, but the Congress of their parents can put our kids into debt. We should fight fiscal child abuse by ending such borrowing that hurts our kids' long-term economic future. In recent days, we witnessed clear warning signs that the days of big borrowing are ending, not because Congress has changed its free- spending ways but because lenders are increasingly worried that they will never be repaid. This summer, America lost its triple-A credit rating, according to Standard & Poor's. This loss of confidence mirrors a crisis in Europe reflecting a collective judgment that Greece and Ireland and Portugal and Spain and even Italy may not be able to repay the amount of money they have borrowed. As Prime Minister Thatcher reportedly said, ``Eventually governments run out of other people's money.'' In this environment, it is important to show how we are different from Europe.…”