Political Quotes

“common sense tells us if you want to get out of a hole, you do not dig it deeper. Well, our Nation is in a deep fiscal hole; and this fiscally irresponsible bill would dig that hole much, much deeper. These are the facts. Our present national debt is right at $6 trillion. Interest on that debt last year alone costs the American taxpayers $360 billion. Last year's dreams of huge surpluses have disappeared. That is a fact. Instead, the reality is we will have a $100 billion deficit this year. And the administration is presently asking us in Congress to immediately raise our national debt ceiling by $700 billion. Yet, despite all of those facts, we are debating today a proposal that would cut taxes by $374 billion more in this decade and, yes, by $4 trillion more in the next decade. The hole is getting deeper, Mr. Speaker; and sadly, it will be our children and our grandchildren who will be trapped in it for their entire lives, paying massive amounts of taxes just to pay the interest on the debt.”