Political Quotes

“I wish to join in the sort of the outrage that we would consider spending money without having a plan. Who spends money with no plan as to how much you are going to spend or a plan as to what the repercussions are for spending money you do not have? We are spending $100,000 a second. By the time I finish this sentence, we will have spent $\1/2\ million. Of that $100,000 a second, we are borrowing $40,000 a second. The President is asking us now--you all heard about it, the debate is on-- the President is asking us to add $2 trillion of spending and borrowing, of borrowing and spending--$2 trillion. How long will it last? We do not know because there is not a budget, but there is going to be an estimated $2 trillion that will be spent in the next year that we do not have. What does that mean to a country? There are estimates that our deficit now, which approaches the size of our economy, is costing us 1 million jobs a year. What does that mean? That also means less revenue, which means worse deficits. It is all compounding upon itself. We have a rule and a law within the Senate--is it called the budget resolution from 1974?”