Political Quotes

“When you say ``budget, ``you have to know which budget we're talking about because we have two budgets in Washington. We have the one we talk about publicly, and then we have the official budget that we have to deal with, and they're different. You will understand in a couple of moments why they're different. When we generally talk about public, you'll hear what we call the unified budget. Now, the unified budget is all the money that comes into Washington and all the money that we spend. But about 10 percent of the money that comes into Washington shouldn't be Washington's money to spend because it's moneys that they've taken from you, like Social Security, Medicare, railroad retirement, and about 50 others, presumably to be put in trust for you. But they do not put those moneys in trust for you. What they do with them in Washington is immediately convert them to a nonnegotiable U.S. security and spend them. When we talk about debt, there's the national debt and the public debt, and I will bet you, Mr. Speaker, that not one person in fifty out there knows the difference between the national debt and the public debt.”