Political Quotes

“Madam President, I come to the floor this evening--I have been talking about this subject for nearly the 3\1/2\ years I have been a Senator. And I will tell you why I think it is important. We have grown the Federal Government to a level where all the people who look to it, where they are dependent upon it, try to work with it, need to know honestly where this all ends up if we do not change the trajectory. I think the easiest way to understand how we have gotten to where we are now is to look to what we used to do in the past. The country was never founded upon the principles that you borrow money to consume it. Any household, any local or State government knows you can't be successful doing that. Money should only be borrowed if you are going to invest it or get a tangible return on it; even maybe an intangible one, when you look at investing in education or something like that. But there has been no system that has ever worked that ends up borrowing money from the future, from its kids and grandkids, to where that is a good business plan. You get immediately derailed in the real world. Imagine in a household, if you take in money and you spend 20 percent more than whatever that is, you will go to a financial counselor. They may get you out of trouble. You keep doing it, you end up in bankruptcy court. Businesses have the rigor of competition in addition to earning revenues, balancing their own budgets, and being able to invest into the future.…”