Political Quotes

On the recordJanuary 26, 2005
in December of 2003, Josh Bolton, the Director of the Office of Management and Budget wrote, ``With the adoption of the President's policies, our projections show a solid path toward cutting the deficit in half within the next 5 years.'' Fact: this year our deficit will increase for the fourth straight year, to a record $427 billion. The Webster's dictionary defines a crisis as ``an unstable state of affairs.'' If you are looking for a crisis to solve, look no further. Look at the President's budget deficit. The President's reckless policies are damaging our Nation's future. Our annual interest payments on the national debt are more than six times what we spent on education last year. They are more than 12 times what we spent on veterans. What are we doing with this $7 trillion debt that keeps running up? We are asking our bankers, Japan and China, for more money. They control our future. It is a very fascinating economic strategy. The President has indicated that his budget will be tough. I agree. With 3 years of record deficit and a record national debt accumulating, it is tough. It is tough on America's future. Mr. Speaker, when it comes to the President and the economy, the truth is, we will forever be in his debt.
Said by
Rep. Rahm Emanuel
Illinois

Editor's note · Context

Addressing the national budget deficit and its implications during a speech on the House floor.

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