Political Quotes

“to continue spending money at the current levels will inevitably lead to the bankruptcy of our great Nation. My amendment, in order to stave off such a terrible fiscal outcome, would cut approximately 1 percent of our budgetary spending and help to put us on the path toward fiscal responsibility. In June of this year, the national debt surpassed $32 trillion. Then, in September, the national debt surpassed $33 trillion. You heard that right. It took Congress 90 short days to add $1 trillion in debt. Unless we change course, the debt will consume us. America's future as a nation is not threatened from without but from within. Our mounting debt will ultimately force a day of reckoning. The Congressional Budget Office predicts that we will add an average of $2 trillion in debt every year for the next decade. Using Congressional Budget Office projections, the U.S. Government will add over $5 billion to its debt pile every single day for the next 10 years. We borrow over $176 million every hour. We borrow $3 million every minute, and we borrow $50,000 every second. It is only a matter of time before the world wakes up and refuses to buy our debt. This reckless level of borrowing and spending is patently unsustainable. The ever-increasing heights of our debt mean a weak economy, high inflation, and confiscatory tax rates. In other words, today's spending threatens tomorrow's prosperity.…”