Political Quotes

“we have heard it before, we can afford tax cuts, large increases in national defense and still balance the budget. This is not a new idea. We heard it 22 years ago from President Reagan and Congress. The result, America's national debt quadrupled in just over a decade. We heard this idea again 2 years ago when House Republicans speaking today proposed a $1 trillion tax cut and said the national debt will be paid off by 2013. The result, last month those same Republicans had to vote to increase the national debt ceiling in 2013 to $12 trillion, a $6 trillion increase. Result: we have gone from the largest surplus in American history to the largest deficit in American history in just over 2 years and 2.5 million workers have lost their jobs. Now those same House Republicans want us to follow their lead once again, asking us to ignore their $12 trillion miscalculation just 24 months ago. It is tempting to be swayed by their siren song of simple solutions, cut taxes by trillions, balance the budget, no sacrifice, no tough choices; and how I wish it were that simple. If it were, we could triple the size of this tax cut today and pay off the national debt tomorrow. The free-lunch philosophy might make for good sound bites, but it is fiscally irresponsible policy.”