Political Quotes

“I thank the gentleman from California (Mr. Valadao) for handling this Special Order tonight and bringing our colleagues here to talk about the reality of this State of the Union Address that we experienced here less than 24 hours ago. I appreciate what you said, and I thought it was appropriate that you brought as your guest a constituent who is in the energy industry because you explained how domestic energy production has been decimated by this President and his administration and how it is having an untold cost on the American people. But I wanted to begin with a quote, and I want to encourage my colleagues to listen carefully to these words of warning. This is really important. ``The tsunami of debt created by the policies of this administration has to go somewhere. . . . ``But as the rest of the world copes with the waves of U.S. debt, we are now all in the same leaky boat. There is just so much of our debt other nations want to hold. The more of it they accumulate, the closer we are to the day when they will not want any more. ``When that happens, slowly or rapidly, our interest rates will go up, the value of their U.S. bonds will drop, and we will all have big problems. We need both more awareness and more understanding of this fundamental threat to our economic well-being and the global economy. ``But the roots of that threat lie in the disastrous policies of this administration.…”