Political Quotes

“So 1 percent of 30 trillion is 300 billion. After 30 seconds of silence, one reporter offered 300 million. I said: You are off by a power of a thousand. That is how abstract these numbers become, but they become real over time when you take interest rates that have gone up 4 to 5 percent. Now that you know what 1 percent of 30 trillion is, try 5 percent. That is 1.5 trillion. That is what we are going to be pricing into our debt that we are incurring. The only blueprint out there has been from the Biden administration-- puts us $20 trillion further in debt in just 10 years. And all this is going to do is knock it back to just $18 trillion more. That is shameful for future generations. This institution needs to be healthy, and it needs to live within its means like households do, like local and State governments do, like all businesses do. Try talking to your banker, running a 30-percent loss, wanting them to lend you the money. They would laugh you out of the office before you got into the details of really what you need. It is a bad business plan. I could go on about that, but it has been happening for now over two decades, both sides of the aisle. The deal is generally made by some on our side of the aisle who hold defense sacrosanct, don't want to budge at all. The other side views domestic spending as more important. But we generally work out this same deal. But do you know what the net result is? We are deeper in debt. I did take finance 101.…”