Political Quotes

“Madam Speaker, I stand in opposition to the Republican proposal today to pay China first. Now, I think that there is another way that we might describe this legislation from our Republican friends, and it would go like this: let's balance the budget when Bill Clinton is President, and let's balance the budget when Barack Obama is President. But in the intervening 8 years, let's go on a reckless spending spree and cut taxes by $2.3 trillion, engage two wars internationally, embrace a prescription drug bill, spend the country into oblivion, and cut taxes for the wealthiest people. Recall: balance the budget when Bill Clinton is President, and balance the budget when Barack Obama is President. Worry about the debt not when George Bush is President, but only when you have Democratic Presidents. This is a reckless proposal today, and everybody knows it. Speaker Boehner is quoted in one of the dailies this morning as saying of course we pay the bondholders first. That's a fact. The previous speaker didn't mention that. He said, let's deal with the facts. So who are the bondholders? They emphasize, they suggest that it's the American people. Foreign debt is held by the Chinese and the Japanese second, and everybody knows it. So it's austerity for the American people, but make sure that the bondholders are paid. It's cut back on everything for the American people, but make sure the bondholders are paid.…”