Political Quotes

“I thank the gentleman from Arizona for yielding time. I thank the two gentlemen from Texas for introducing the topic to the American people. This is something every American should be aware of. They say a picture is worth a thousand words. Every American should look at a few pictures about our national debt. This first picture is a 110-year period going from 1930, before World War II, to 2050, just 30 years away. It shows what our national debt has looked like as a percent of our economy, and it is pretty striking. For the first 90 years of it, there is one huge peak: World War II, a world at war. At that time, our debt exceeded the size of our gross domestic product, the size of everything produced in the United States. Our debt rose to that amount after World War II. The Greatest Generation spent the next 30 years paying down our debt and growing our economy, so that we had an affordable debt. We had a little bit of rise in the 1980s and 1990s, as we defeated communism--again, a war situation. Then, following 2008 and following the last administration, we have skyrocketing debt once again to the point where, within 5 years, we will approach the debt we had during World War II, fighting the largest war this world has fought.…”