Political Quotes

John Yarmuth: I mean, people legitimately borrow money, and businesses legitimately borrow money for two reasons. One is for survival…

On the recordJanuary 6, 2011
I mean, people legitimately borrow money, and businesses legitimately borrow money for two reasons. One is for survival, to eat, to pay salaries if you are a small business. And they borrow money for investments. We have plenty of investments that we can make in this country that are desperately needed. Infrastructure being one, education being another, medical research being a third category. And we basically have been told by the Republicans that there is no basis, no justification for spending any more money. And because we're in a deficit situation, borrowing more money--except when it comes to giving tax breaks for very, very wealthy Americans, millionaires, billionaires hedge fund managers, and the like, that's okay. We can do that, and we can balloon the national debt to do that, but we can't do it to help people, to provide people's health care, to invest in needed infrastructure, to invest in the things that will make this American economy the kind of economy that we will all be proud of, that will work for everyone, that will truly live up to the ambitions of the Founding Fathers when they wrote the Constitution that we read today, to create a more perfect union.
Said by
John Yarmuth
Democratic · Kentucky
Source
govinfo.gov
Jan 6, 2011

Editor's note · Context

Yarmuth discusses the need for investment in infrastructure and services versus tax breaks for the wealthy.

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