Political Quotes

“I reclaim my time and thank the gentleman for his kind answers. This really is why we have hearings in Congress, because it feels like we are just posting a lot of graffiti on a wall here. I don't know how the inflation rate is calculated. I don't know whether the import of this amendment would be to double count debt servicing costs because I don't know which government agencies actually incorporate debt servicing costs and which don't. One thing I do know is that if the gentleman has the greatest amendment of the year, it is still basically irrelevant because it does nothing. In other words, it is not going to do anything to bring down anybody's debt servicing costs, which I agree are huge, unlike, for example, what the Biden administration has done in terms of student debt by acting dramatically to bring it down--even though there are people from across the aisle who are in court today, I believe, trying to get that thrown out and trying to bring everybody's student loan debt back up--that is real economic action. In any event, what this is about is pure symbolism. In other words, they are asking for a reporting bill that will only apply if there is a $1 billion plus impact, and the good gentleman comes forward to say: Make sure, Mr. President, when you are doing your calculations, that you include debt servicing costs. I don't know. You could take it or leave it. It doesn't do anything for people who are staggering under debt.…”