Political Quotes

“Mr. President, the question is, Do deficits matter? We often say they do. You will hear Republicans say they do, and for the last week or two, you have heard from Democrats that they were against cutting taxes because it might add to the deficit. Well, if this is true, tonight we will get a chance to vote on the deficit because, you see, Congress about 6 years ago, put something forward called pay-go budget caps. What does that mean? They kept seeing the deficit explode. So they put in these budget caps, and if we were to adhere to them, we would actually get the debt under control. Guess what. Congress has evaded them 29 times. So tonight we will have a bill, and it will be the 30th time that Congress has evaded their own rules on the debt. Is it any surprise that the debt under George W. Bush went from $5 trillion to $10 trillion? Is it any surprise that under President Obama it went from $10 trillion to $20 trillion? Is it any surprise that the debt continues to rise? No, because both parties are responsible for it. Look, I was all for the tax cut. I think it is good for the country, but I am also for restraining spending. So we did the tax cut earlier in the week, and now we are going to do a spending bill. We have rules in place, and the rules in place say that there are budget caps. So they have a special little waiver that they have put in the spending bills because we are now going to exceed those caps. So the question is, Are we serious about the debt?…”