Political Quotes

“with very much fanfare yesterday, the President held a press conference to claim vindication for his economic stewardship and his fiscal policies. He announced, and I just now calmed down, that the United States Government would only have a $3 billion Federal deficit for the fiscal year 2006. {time} 1615 By this administration's standards, this qualifies as a monumental achievement? $300 billion deficit and the President wanted applause for what he had done because after creating the three largest deficits in history, you are making progress if you do not set any standards or any records. This time it is only the fourth largest deficit ever in the United States. In the Nation's capital, the President's budget is becoming known as the ``World of Diminished Expectations.'' Let us go back a little. In 2001, President Bush inherited a surplus of $284 billion, and it was predicted by the year 2006 we would have a surplus of $516 billion, and they are only off by $800 billion. By Washington's standards, that is just a rounding error. So it makes sense to put away the champagne glasses for a while. In addition to celebrating the fourth highest deficit ever, the President touted the significance of his tax increases.…”