Political Quotes

“It says that someone born when I was born, 1930--I was born in 1928, I will spend about 30 percent of my lifetime income on taxation. But when you get down to future generations and, if you assume every projection in terms of their projection on what is going to happen to the economy, and that shows 10 years of solid growth without a dip, and second we are going to save all the money they say we are going to save on health care--and I hope we do but I am not that optimistic--but they say future generations, even with this assumption, 66 to 75 percent of lifetime earnings of future generations will go for taxation. Mr. President, that is just not going to happen. We are going to start printing money before that happens, and this whole question of monetizing the debt is not addressed at all. That is a huge, huge cloud, dark cloud on the horizon for us. And then the second thing that they do not address at all in this amendment is our reliance on foreign individuals and foreign governments to buy our bonds; 17 percent of that ownership is publicly acknowledged.”