Political Quotes

“I take this time to talk about the pending business: the deficit of this country and the looming debt ceiling limit that will be exceeded in August if we don't take any action in the Congress. First, let me talk a little bit about the debt ceiling. There has been a lot of talk about the debt ceiling as to what is responsible for Congress to do. We all know that over the last 50 years or so, the debt ceiling has been increased over 80 times. It is done after the fact. That means we have already incurred the liability, and the question is whether we will pay our bills. The decisions we have to make in regard to our fiscal policies need to be made at the time we consider the budget, but now we have to pay our bills, and raising the debt ceiling is not only a legal responsibility that we have to pay our bills, it is also a moral responsibility and speaks to whether we are willing to live up to our obligations. The failure to raise the debt ceiling would be irresponsible. It would jeopardize our national security because it would cost taxpayers more money, and it would say to the world that U.S. bonds, which are the safest in the world, are called into question. I think we all should agree we need to make sure we increase the debt ceiling in time so we do not cause those adverse effects to our Nation. The debt ceiling debate gives us an opportunity to do something about the deficit. Our deficit is not sustainable.…”