Political Quotes

“it has been said, ``Blessed are the young, for they shall inherit the national debt.'' Today, every child born in America inherits $17,000 in public debt. Today, the total Federal income tax collected each year from west of the Mississippi River does not even cover the interest paid on our debt burden. Today, the Federal Government spends $3 for every $2 it collects. This is the destructive legacy of a Congress without courage. Our budget deficit represents a failure to lead, and that failure is felt in every city, in every community, on every farm, and in every family. We clearly need to restore fiscal integrity and economic soundness to the budget process. I am proud to be a cosponsor of the Government downsizing, performance, and accountability act of 1994, introduced today by the Republican leader. This proposal offers real deficit reduction through 50 commonsense recommendations from a range of sources, including the Grace Commission and Vice President Gore's National Performance Review. Other proposals fall short of real deficit reduction because they fail to reduce the caps on discretionary spending. Our plan cuts Federal spending by more than $50 billion over 5 years and, by lowering the caps, ensures that all of the non-defense savings goes to deficit reduction. It prevents Congress from using its timeworn tactic of using savings from one program to spend more on another, and it reduces the deficit without raising taxes.”