Political Quotes

“What we see now, today, though, is that we are awash in $15 trillion in debt and that since the creation of the triple A credit rating by Standard & Poor's, the United States has now lost that rating. When young Americans are born today, they already owe the Federal Government $40,000. So they will have a lower income and a higher tax burden throughout their working lives because of the debts put on them. The biggest reason for a balanced budget amendment, though, is we have a structural inability to represent young Americans. They cannot vote until they are age 18. Yet the representatives of their parents can transfer tremendous burdens onto that young generation of Americans. The essence of the American dream is that our children's lives will be better than our own. But given the weight of the debt we are now transferring onto the backs of the next generation, that may no longer be possible. We absolutely have to have a structural way to prevent one generation from transferring new spending and new debt to the new generation so the American ideal is preserved and so they have a fighting chance to have a better life than their parents.”