Political Quotes

“Madam President, Congress is poised to do what no American family would ever do. Congress is poised to spend one-third more dollars than they receive. This is essentially equivalent to a family at home making $45,000 but spending $60,000. No American family can do that. But that is what is happening here. The spending that has been brought forward for our spending plans this year will lead to a $1.5 trillion deficit. So we bring in about $4.5 trillion, and we are going to spend $6 trillion. It is reckless. It leads to inflation. It is a direct vote to steal your paycheck. Because what happens, as we borrow more money, the Federal Reserve just prints up more money, and they will pay for all the debt that is created today. But that devalues your dollar. So when you go to the grocery store and your prices have risen 20 percent, you can thank the people today that are all for you, and they are going to give you everything you want. Every program under the sun that grandmother and mother and apple pie wants, they are going to give you. But they are going to borrow the money. This is a bait-and-switch. It is like: What do you want, America? Here, we will give it to you. It is free. You don't have to do anything. But it is borrowed. When they give you stuff that they buy with borrowed money, they create inflation. This has been going on for a while. But it has accelerated. It is at an alarming pace now. With the COVID lockdowns, we were borrowing $3 trillion.…”