Political Quotes

“I appreciate the gentlewoman's comments. Unfortunately, those comments aren't really relevant to this amendment. Let's be clear on what this amendment does. It prevents agencies from imposing regulations that exceed a compliance cost of $100 million or more. If the gentlewoman is concerned about spending and debts and deficits, I share those concerns with her. As a matter of fact, as a result of this administration's legislation like the CHIPS Act, IRA, ARP, and the infrastructure bill, an additional $10 trillion in spending has been incurred as a result of their reckless and irresponsible actions. Mr. Chair, what that translates to is that 50 cents of every dollar we are going to borrow over the next 10 years is going to go to pay interest on the debt. Over the next 10 years, we are going to spend $10 trillion on interest payments on the debt. Mr. Chairman, you represent areas in Ohio. I represent areas of Louisiana. We have representation here for Idaho and Maine. We have constituents that have real needs. We are flushing money down the toilet by putting $10 trillion just toward interest payments. This helps to improve the efficiency of the Federal Government. It is complementary to the deregulatory agenda that we saw under the previous administration. Mr. Chair, I urge adoption of the amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Louisiana (Mr. Graves).…”